Intel is finally starting to feel the benefits of the AI infrastructure boom, with the chipmaker reporting data center revenue growing 22 percent year over year in the first quarter.

Intel's after-hours stock gains have been building since the company's earnings report came out roughly two hours ago.

The venerable chipmaker is finding its way in an AI-driven world.

Have things fundamentally changed for Intel, or is the stock simply being fueled by vibes?

The move also boosts the U.S. government’s stake in the group, which was completed last summer at $23.47 per share, closer to the $38 billion dollar mark.