New York, June 15, 2026, 19:03 EDT — Intel moved up with chip stocks catching a rebound.
- Intel ended the session up $3.26 at $127.86. Shares reached a high of $132.51 during the day.
- Philadelphia Semiconductor Index jumped over 5%, closing at a new high as chip stocks rallied.
- Intel is expected to report Q2 earnings after markets close July 23, but the date isn’t confirmed yet.
Intel shares surged Monday, jumping $3.26 to finish at $127.86 as chip stocks and AI names rebounded. INTC saw heavy volume, trading more than 134 million shares and moving between $125.30 and $132.51. The Nasdaq closed 3.07% higher. Philadelphia Semiconductor Index ended the day over 5% up at a record, Reuters reported.
Intel shares gained as tech stocks moved up on news from Reuters about a possible U.S.-Iran deal that sent oil prices lower. Inflation worries faded a bit, so buyers returned to tech. “Classic relief rally,” said Cetera Investment Management CIO Gene Goldman. Reuters That helps Intel, with investors shifting attention from sluggish PC sales to the company’s AI server prospects, packaging, and contract chip manufacturing.
Intel stretched last week’s rally after Bank of America took its rating up to “buy” from “underperform” and hiked its price target to $135 from $96. Investopedia reported the call, saying the bank is betting Intel can win more foundry business and gain from higher AI server orders. Investopedia Bulls pointed to this. The bull story now turns on Intel picking up more foundry clients and holding steady demand for CPUs in AI data centers, raising the odds for bigger earnings forecasts.
Intel’s bear case is still here. The stock closed at $127.86 on Monday, way above the $87.31 average 12-month target tracked by MarketBeat. Forty-eight analysts rate the shares a “Hold,” according to MarketBeat. The company remains at a negative price-to-earnings ratio, with losses continuing to show up in results. First quarter revenue came in at $13.6 billion, up 7% from a year ago, but GAAP net loss widened to $3.7 billion. The company reports results under standard accounting rules. Intel
Intel’s Q2 earnings are on deck, with Wall Street Horizon showing an unconfirmed date of Thursday, July 23, after the bell. Wall Street Horizon Traders want to see if real demand is making its way into revenue, not just in market chatter. Intel has forecast Q2 revenue of $13.8 billion to $14.8 billion and is looking for non-GAAP EPS of $0.20, but management flagged that results could come in above or below that range. Intel The Fed’s policy decision lands Wednesday, ahead of those results. Fed moves affect how tech stocks trade.
Intel’s stock price isn’t reflecting a bargain right now, with risks becoming clearer. Bulls are still betting on AI server sales, new foundry contracts, and a better chip pipeline. Shares at $127.86 trade above where most analysts call fair value. That price bakes in stronger performance well before GAAP earnings hit the numbers. The next earnings release may be more of a hurdle, even if the rally keeps running.
