New York, June 14, 2026, 09:01 (EDT)
- Intel ended Friday at $124.57, rising 6.51%. The stock was at $125.38 in after-hours trade.
- Intel shares are higher as optimism grows over Intel Foundry on chatter of a Google TPU order and Bank of America’s two-notch upgrade.
- The stock trades as high-risk after a strong rally, and consensus targets are still under the latest share price.
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.
Bank of America’s double-upgrade backed up that foundry story. Analyst Vivek Arya moved Intel to Buy from Underperform and bumped his price target to $135 from $96, pointing to more clarity around server CPUs and outside foundry deals, per Investopedia and Barron’s. A price target, usually over 12 months, is what an analyst thinks a stock could trade at. The upbeat call fueled more gains for Intel, which has already rallied past most Wall Street targets. Investopedia
Intel’s bulls say the turnaround is starting to show in the numbers. Intel’s first-quarter revenue rose 7% to $13.6 billion. Data Center and AI revenue jumped 22% to $5.1 billion. Intel Foundry saw revenue up 16% to $5.4 billion. CEO Lip-Bu Tan said more demand for inference and agentic AI is “significantly increasing the need for Intel’s CPUs and wafer and advanced packaging offerings.” CFO David Zinsner talked about “unprecedented demand for silicon” and the company’s focus on growing supply. Intel Intel
Intel bulls face a tough setup here. The stock’s up past the average analyst 12-month target of $93.12, and consensus is Hold. Net income is still negative, price-to-earnings doesn’t show up because EPS is in the red, and no clear financial turnaround is in sight. The company’s talked about potential foundry wins, but it still has to prove those deals are profitable and scale up to real volume production, not just headlines.
Chip stocks added to the risk mix this week. The PHLX Semiconductor Index climbed 1.52% on June 12 to close at 13,371.47, showing Intel’s move happened with the chip sector back in favor, not on its own. Still, semiconductor shares have swung as investors question if AI-related spending can keep up the pace to support elevated prices.
Intel’s second-quarter earnings are the next big event for the stock. Wall Street Horizon puts the (unconfirmed) date at July 23, 2026, after the bell. Intel’s Q1 guidance pegged Q2 revenue between $13.8 billion and $14.8 billion, with non-GAAP EPS at $0.20. Those non-GAAP results cut out some accounting charges and are a standard way for companies to talk about core performance, but investors also want to see numbers on cash flow, foundry margins, and customer contracts. Management updates on 18A and 14A manufacturing timing will be in focus, too. Wall Street Horizon
Intel looks riskier than attractive right now after its sharp run-up. Bulls cite AI server demand, foundry traction, and a shift in analyst views. Bears focus on valuation, Intel’s negative trailing earnings, ongoing execution risk, and the gap between the stock price and most analyst targets. The stock is less about the turnaround pitch now, and more about whether upcoming results prove Intel can turn the story into steady revenue, margin, and cash.
