One business stands out at Intel (INTC): the chips it sells for data center servers, and that’s what Intel bulls might be betting on. You probably still think of Intel as a PC chip company, but the ground reality has shifted. Intel stock returned 258% over the past twelve months, against 16.0% for the S&P 500. The company still reported a loss over its last twelve months. Therein lies the contradiction and it hinges on the data center bet. So, how big has Intel’s data center business become?

Data Center Sales Reached $6.3 Billion In Fiscal Q2

Intel’s data center business had revenue of $6.3 billion in fiscal Q2 2026, up 59% from a year earlier. Intel’s total revenue grew 25.4% over the same period. The PC chip…