Hitting a fresh one-year high of $41 a share in Friday's trading session, Intel stock has continued an attention-getting rebound from a 52-week and multi-year low of $17.
INTC's return to profit, new deals with NVIDIA and Microsoft, and major U.S. investments fuel optimism for a lasting turnaround.
Intel delivered a strong earnings surprise, signaling early success in its turnaround and benefiting from government support. INTC's foundry business is crucial, with government deals incentivizing continued domestic chip manufacturing despite ongoing losses and execution challenges. Political tailwinds, including the Trump Administration backing and partnerships like Nvidia's $5B investment, could drive further upside through 2026.
CNBC's Kristina Partsinevelos joins 'Money Movers' to discuss Intel's first quarterly report since the U.S. took a stake in the company.
Intel Corp (NASDAQ:INTC, ETR:INL) reported third quarter earnings that exceeded both its own guidance and Wall Street expectations, sending its shares modestly higher on Friday morning to about $39. The report promoted a mix of cautious optimism and tempered outlooks from analysts at Wedbush and Baird.
Intel's Q3 results topped estimates as AI PC demand, cost discipline and efficiency gains fueled margin growth and optimism.
Analysts say Intel's hot demand stems primarily from older chips, and they worry about profit pressure down the road.
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Intel deepens NVIDIA partnership to anchor AI inference strategy and expand its role in hybrid computing.
Nvidia stock and the chip sector in general could be being boosted by upbeat results from Intel.
Intel (NASDAQ: INTC) beat all market expectations with its third-quarter earnings report released on Thursday, October 23, which cited $13.7 billion in revenue (a 3% increase year-over-year).