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Bottom line: Intel's latest earnings suggest a shift is underway in how artificial intelligence workloads are built – and, in turn, which chips matter most. For much of the current AI cycle, GPUs have dominated the conversation, driven by Nvidia's grip on model training. But Intel's March-quarter results point to growing demand for something else: general-purpose processors and the systems that support AI agents.

The company reported $13.6 billion in revenue for the quarter, up 7% year over year and well above analyst expectations. Intel also raised its current-quarter revenue guidance to between $13.8 billion and $14.8 billion, exceeding the roughly $13 billion analysts had projected.

The change is tied to how AI is now being deployed.…