Why Intel Stock Hit a Record: Google AI Chip Report Puts Foundry Turnaround in Focus
Intel stock surged to an all-time high Thursday morning, driven by word that Google may use the company’s advanced packaging tech in upcoming AI chips—a fresh vote of confidence in CEO Lip-Bu Tan’s overhaul strategy. Shares jumped 12.1% to hit $94.75, according to Barron’s, marking Intel’s biggest rally in years.