Intel Shares Climb Again on AI Foundry Optimism, Pushing INTC Closer to Highs
Intel Corporation shares jumped again this week, ending Friday up 6.51% at $124.57. The stock traded between $115.33 and $127.60 during the day. That keeps INTC just under its 52-week high of $132.75. Market value stands near $626 billion, StockAnalysis data shows. More than 151 million shares changed hands, as buy orders came in strong. The action didn’t look like a routine drift—traders appeared to be renegotiating the chipmaker’s turnaround story. Intel’s latest rally is getting attention as investors start to see more than just a PC and server-chip turnaround story. The stock is now trading on bets Intel can become a U.S.-based alternative to Taiwan Semiconductor Manufacturing Co. in high-end foundry work, the business of making chips for other companies. Reuters said this week Google ordered over 3 million TPUs, Google’s custom AI chips, from Intel for 2028. Nvidia is also looking at Intel products for future chips, according to Reuters, but the agency said it couldn’t independently confirm that part.