SANTA CLARA, California, August 27, 2026, 20:15 (EDT) —
- Intel closed at $92.09, up 4.36%, on 100.56 million shares.
- Nvidia jumped 8.72% after projecting about 70% revenue growth next fiscal year.
- Intel’s second-quarter revenue rose 25% to $16.1 billion.
- The stock remains below Intel’s recent $95 equity-offering price.
Intel Corporation (NASDAQ: INTC) rose 4.36% on Thursday as Nvidia’s forecast revived confidence in AI infrastructure spending.
The move added roughly $19.6 billion to Intel’s market value. Volume reached 100.56 million shares, about one-third above Wednesday’s 75.75 million.
The rally was a second-order AI trade. Nvidia (NASDAQ: NVDA) forecast roughly 70% revenue growth for its next fiscal year, according to Reuters.
That outlook eased concern about slowing data-center budgets. Intel benefits through server processors, accelerators and foundry ambitions, although the company trails Nvidia in AI chips.
| Company | Aug. 27 price | Daily move | Volume | Trailing P/E |
|---|---|---|---|---|
| Intel | $92.09 | +4.36% | 100.56M | Not meaningful |
| Nvidia | $227.98 | +8.72% | 298.91M | 28.6× |
| AMD (NASDAQ: AMD) | $476.67 | −0.86% | 16.44M | 122.5× |
| Micron (NASDAQ: MU) | $935.39 | −0.36% | 28.84M | 21.2× |
The peer table shows a selective response. Intel rose with Nvidia, while AMD and Micron finished lower despite the broader semiconductor narrative.
Intel entered the session with improving operations. Second-quarter revenue increased 25% to $16.1 billion, while GAAP gross margin reached 40.4% Intel results.
GAAP operating margin improved to 11.1% from a 24.7% loss. Non-GAAP net income reached $2.2 billion, but Intel recorded an $11.0 billion GAAP net loss.
Capital remains the constraint. Intel recently priced 210.5 million new shares at $95, raising $20 billion before expenses offering details.
Thursday’s close was 3.1% below that offering price. Investors are therefore rewarding AI exposure without fully erasing the dilution discount.
Analyst positioning is cautious. A 48-analyst compilation rates Intel “Hold,” with a $114.88 average target, or 24.8% above Thursday’s close StockAnalysis.
The valuation comparison also needs care. Intel’s negative trailing earnings make its P/E unusable, while Nvidia trades near 28.6 times trailing profit.
Risks: Nvidia’s forecast does not guarantee Intel design wins. Foundry spending, execution delays and new-share dilution could overwhelm the sector tailwind.
The next test is conversion. Intel must turn rising AI budgets into durable revenue, margin expansion and cash generation.
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