Intel stock jumps nearly 9% as CES Panther Lake push meets fresh Wall Street upgrade
Intel shares jumped 8.9% to $43.62 Wednesday after unveiling new Panther Lake laptop chips at CES and receiving an analyst upgrade. The chips, built on Intel’s 18A process, will power over 200 PC models starting Jan. 27. Investors are watching early demand and rollout of the Core Ultra Series 3. J.P. Morgan analysts remain cautious on Intel’s ability to challenge TSMC in advanced chip manufacturing.