Published: November 7, 2025
Key takeaways
- INTC is little changed intraday around $37.19 as of 18:49 UTC, after trading between $36.97–$38.33 today. Opened at $37.37; fractionally below Thursday’s close of $37.24 (~‑0.15%).
- Catalyst in focus: Elon Musk publicly said it’s “worth having discussions” with Intel about making Tesla’s next AI chips — a remark that briefly lifted Intel shares. No deal is signed. 1
- Talent moves: Intel’s VP of data center AI product management, Saurabh Kulkarni, is leaving; Intel confirmed the departure, and trade press reports say he’s headed to AMD. 2
- Backdrop: Q3 results (Oct. 23) showed $13.7B revenue and $0.23 non‑GAAP EPS with Q4 revenue guidance of $12.8B–$13.8B. Intel reiterated cost controls after selling a majority stake in Altera. 3
- Policy context: In August, the U.S. government disclosed a ~9.9% equity stake in Intel, framed as a strategic industrial policy move tied to CHIPS funding. 4
Intel stock price today (Nov 7, 2025)
Intel shares are hovering near flat on the day: $37.19 at 18:49 UTC (down $0.06 from yesterday), day range $36.97–$38.33, open $37.37. That leaves INTC mid‑range versus its 52‑week band of $17.66–$42.48. Intraday volume stood near 63.5M by the latest print. 5
Why INTC is on watch today
1) Musk floats possible Tesla–Intel AI chip collaboration
At Tesla’s annual meeting, Elon Musk said Tesla will likely need a “gigantic chip fab” for future AI processors and mused about “worth having discussions” with Intel as a potential manufacturing partner. Markets treated it as a speculative positive for Intel’s foundry ambitions, though there is no agreement. Intel declined to comment. 1
What it means: Even tentative public remarks from a mega‑cap customer can move a foundry‑turnaround story. Any formal Tesla order (or similar third‑party wins) would be a major proof point for Intel’s manufacturing roadmap.
2) Another AI leadership change
Saurabh Kulkarni, VP of data center AI product management, is exiting Intel; the company said Anil Nanduri will assume leadership of the AI product management organization. Trade press report he’s joining AMD. Executive churn remains a watch item as Intel rebuilds its data center and AI strategy. 2
The fundamental backdrop investors are trading against
- Earnings & guidance: On Oct. 23, Intel posted Q3 revenue of $13.7B, GAAP EPS $0.90, non‑GAAP EPS $0.23, and guided Q4 revenue to $12.8B–$13.8B with non‑GAAP EPS around $0.08. Management highlighted expense reduction, asset sales, and partner investments as liquidity levers. 3
- Recent stock reaction to Q3: Shares jumped in late October after the beat and cost discipline messaging, underscoring how sensitive sentiment is to execution milestones. 6
- Altera deconsolidation + expense outlook: After selling 51% of Altera to Silver Lake, Intel trimmed its 2025 adjusted opex outlook to ~$16.8B from $17B. The move simplifies the model and frees cash for core priorities. 7
- Policy tailwind, with caveats: In August, the White House said the U.S. would hold ~9.9% of Intel via converted CHIPS funding — a rare, controversial step in U.S. industrial policy that Intel itself has said could carry business risks abroad. Regardless of one’s view, the stake buttresses Intel’s balance sheet as it invests in advanced nodes and foundry capacity. 4
What to watch next
- Any concrete Tesla–Intel development: A memorandum of understanding or capacity reservation would be the near‑term catalyst investors are hunting after Musk’s remarks. Absent that, today’s move remains headline‑driven. 1
- Follow‑through on AI roadmap & leadership: After today’s exec move, watch for org updates and delivery against Intel’s stated AI cadence (GPUs/accelerators, systems, and software commitments). 2
- Potential M&A for AI acceleration: Intel was reported to be in early talks regarding AI‑chip startup SambaNova last week; while uncertain, any deal would signal how aggressively Intel plans to bolster AI compute. 8
- Foundry customer wins and node updates: The turnaround hinges on external customers for Intel’s newest manufacturing technologies. New customer disclosures or capacity agreements would likely be higher‑impact than incremental cost measures.
Bottom line
Today’s INTC tape is balanced: the Musk/Tesla foundry chatter adds speculative upside, while leadership turnover in data center AI keeps execution in focus. With Q3 results and expense discipline offering a firmer base, newfoundry customers — not just hints — remain the swing factor for the stock into year‑end.
Disclosure: This article is for informational purposes only and does not constitute investment advice. Always do your own research.
