NEW YORK, July 6, 2026, 07:05 EDT
- Intel gained 3.32% premarket after falling 5.25% in the prior session.
- The premarket rise would bring back around $20 billion in market value, using current shares outstanding.
- Reuters calculates Nvidia’s $5 billion investment in Intel was valued at about $25.9 billion based on Intel’s last closing price.
- Intel will post Q2 earnings after the bell on July 23.
Intel Corporation NASDAQ:INTC looked ready for a partial bounce before the bell on Monday, but investors are watching another figure: NVIDIA Corporation’s NASDAQ:NVDA position in Intel now shows a paper profit of over $20 billion since last year.
U.S. regular trading hadn’t started yet. Nasdaq says its normal session runs from 9:30 a.m. to 4 p.m. ET, with premarket trading from 4:00 a.m. up to the open. The exchange was closed for Independence Day on July 3, not July 6.
Intel traded at $124.35 ahead of the bell at 5:08 a.m. EDT, up $4.00, or 3.32%, from Thursday’s close of $120.35. Shares had dropped $6.67, or 5.25%, in the previous session. MarketWatch shows 5.03 billion shares outstanding and a $604.88 billion market cap.
| Intel tape | Latest confirmed figure |
|---|---|
| Last regular close | $120.35 |
| Last regular-session move | fell $6.67, or 5.25% |
| Premarket quote | $124.35 |
| Premarket move | up $4.00, or 3.32% |
| Implied market value recovered before open | roughly $20.1 billion |
| 5-day performance | down 6.21% |
| YTD performance | up 226.15% |
| 1-year performance | up 435.13% |
If the premarket bid sticks, Intel would recover around 60% of Thursday’s per-share loss. Shares would still trade under the last close and far from the 52-week high of $142.35 shown by MarketWatch.
Nvidia’s numbers are clear. In September, Nvidia said it would buy $5 billion of Intel common stock at $23.28 a share, teaming up to work on data-center and PC products. That works out to about 214.8 million Intel shares. At Intel’s previous close of $120.35, those shares came to about $25.9 billion, or $20.9 billion above what Nvidia paid. At the premarket, the position was about $26.7 billion.
| Nvidia’s Intel stake | Reuters calculation |
|---|---|
| Buy price | $23.28 a share |
| Total spent | $5.0 billion |
| Shares acquired | about 214.8 million |
| Stake value at Intel’s $120.35 close | about $25.9 billion |
| Unrealized gain at last close | about $20.9 billion |
| Value at $124.35 premarket | about $26.7 billion |
This is important as Intel’s rally has already taken in much of the outside backing that turned the story around. Intel still needs to prove demand for its CPUs, foundry business, and advanced packaging will support its valuation after a jump of over 200% this year.
Chip stocks moved higher early Monday. Reuters said Wall Street futures traded up, with the Nasdaq 100 futures gaining 1.04% at 5:37 a.m. ET and Micron Technology NASDAQ:MU up 3.4% ahead of the open as the group steadied after recent selling. Reuters Both Intel and Micron rose 3% in premarket action after chip names sank 5% on Thursday, MarketWatch reported.
| Market cap comparison | Market value | Versus Intel |
|---|---|---|
| Intel Corporation NASDAQ:INTC | $604.88 billion | 1.0x |
| Advanced Micro Devices NASDAQ:AMD | $844.36 billion | 1.4x |
| Micron Technology NASDAQ:MU | $1.10 trillion | 1.8x |
| NVIDIA Corporation NASDAQ:NVDA | $4.71 trillion | 7.8x |
Intel is trading more as a bet on U.S. chip capacity than as a play on PC processors. Reuters said in May that big investors could not afford to miss Intel’s rally, or else risk lagging the benchmarks. But chip analysts told Reuters there’s still no hard evidence yet for a full comeback.
“TSMC is the real bottleneck,” SemiAnalysis President Doug O’Loughlin told Reuters in May. Seaport Research’s Jay Goldberg was more direct: “No company in history has ever fallen off the Moore’s law curve and made it back on.” J.P. Morgan analyst Harlan Sur said it will take at least another year to 18 months to evaluate progress, and five years or more to know if Intel’s foundry business can work and make money. Reuters
Nvidia CEO Jensen Huang called the September deal a “historic collaboration.” Intel CEO Lip-Bu Tan said Intel “appreciate[d] the confidence” from Nvidia. NVIDIA Newsroom Later, Reuters quoted Laffer Tengler Investments CEO Nancy Tengler saying it could be the “first step of an acquisition or breakup,” while eMarketer analyst Gadjo Sevilla called the move a “massive game-changer” for Intel’s AI position. Reuters
Next up is July 23. Intel said June 30 that it will release Q2 earnings after the bell that day, with its call set for 2 p.m. PDT. Intel Corporation The setup for the stock is clear enough: a sharp rally, a premarket jump, and investors watching to see if Intel can ride Nvidia’s momentum and keep revenue moving when the trade slows down.
Related articles: NASDAQ:INTC
