NEW YORK, June 9, 2026, 04:11 (EDT)
- Intel closed Monday at $110.27, up $11.04 for the day.
- Google has reportedly ordered over 3 million AI chips from Intel for 2028, bringing Intel’s foundry push back into focus.
- The regular Nasdaq session hadn’t started yet. Pre-market trading takes place from 4:00 a.m. to 9:30 a.m. ET.
Intel (INTC) looked set for more attention ahead of Tuesday’s regular session after the stock surged on talk that Alphabet’s Google placed an order for over 3 million tensor processing units—its own AI chips—from Intel for 2028 delivery. Last trade had Intel at $110.27, up $11.04, based on market data.
This is a big test for Intel’s turnaround plan to become a top contract chipmaker. Reuters said Nvidia is weighing Intel tech for a processor that links four graphics chips, but Nvidia has not ordered any.
Intel told Reuters it had no comment on the report. Reuters said Alphabet and Nvidia didn’t reply to requests for comment. Reuters also said it was unable to independently verify the report.
Intel shares soared 11.2% Monday after The Information reported a Google order, according to Reuters. The lift came as chip stocks rallied across the board. The Philadelphia SE Semiconductor Index gained 5.6%. The Nasdaq Composite ended the session up 0.86% at 25,929.66.
Intel could see an opportunity as Taiwan Semiconductor Manufacturing Co faces strains from strong AI chip demand, Reuters reported. Shortages have made TSMC scramble to keep up, so some AI chip designers are weighing Intel as a potential supplier.
Jacob Bourne, a technology analyst at eMarketer, said the report is “evidence” that major AI customers want more than just a TSMC supply chain. “They’re racing to diversify,” Bourne said. D.A. Davidson’s Gil Luria pointed out the U.S. connection: “Supporting Intel supports U.S.-based manufacturing.” Reuters
Intel’s rally has gained steam since April, when the company posted signs of a turnaround. First-quarter revenue came in at $13.6 billion, up 7% year-on-year. Intel is guiding for $13.8 billion to $14.8 billion in second-quarter revenue.
Chief Executive Lip-Bu Tan pointed to changes inside Intel for delivering “sixth consecutive quarter of revenue above our expectations.” Chief Financial Officer David Zinsner called out “unprecedented demand for silicon” and said Intel is still focused on growing supply from its factories. Intel Corporation
The risk is clear. The Google deal is not confirmed, it’s reportedly still years from happening, and scaling up Intel’s foundry business costs a lot. Intel’s foundry unit posted a $2.4 billion loss last quarter on revenue of $5.4 billion.
Intel’s stock is riding on AI hopes. Investors are betting that AI demand can push Intel back toward the top of chipmaking. But the premium from Monday is at risk. The stock could lose ground if the Google order gets delayed, or if Nvidia steps back, or if TSMC hangs onto most of the top-tier business.
Nasdaq lists regular hours from 9:30 a.m. to 4:00 p.m. Eastern and says pre-market is open from 4:00 a.m. to 9:30 a.m. Tuesday is not shown as a U.S. market holiday. The next day Nasdaq is closed is Juneteenth, June 19, according to the exchange calendar.
