Intel Corp. shares rocketed 20% in after-hours trading Thursday after the chip giant posted first-quarter revenue that crushed Wall Street forecasts, signaling a hard-fought turnaround powered by its x86 processors. Revenue hit $13.58 billion, up 7% from last year and well ahead of the $12.42 billion expected, as demand for AI-tuned CPUs in data centers and PCs finally kicked in. The company guided second-quarter sales to $13.8 billion to $14.8 billion—smashing analyst estimates of $13.07 billion—and adjusted earnings per share of 20 cents against a 9-cent forecast. CNBC captured the market’s roar: shares added $64 billion to Intel’s market cap in extended hours, extending an 81% year-to-date rally. But strip away the one-time charges. A net loss of $4.28 billion stemmed from hits tied to Intel’s 78% stake in Mobileye and derivatives from the U.S. government’s 10% ownership. Adjusted, Intel earned $1.5 billion, or 29 cents a share.…