Intel Stock Hits Highest Since 2000 as Turnaround Rally Faces Earnings Test
Intel shares hit $70.32 intraday Friday, their highest since 2000, before trading near $68.75 as investors bet on an AI-driven turnaround. The stock surge follows new deals with Google and Tesla, and a $14.2 billion buyback of its Ireland plant stake. First-quarter results are due April 23. Analysts warn of weak PC demand and a $10.32 billion foundry loss in 2025.