NEW YORK, January 4, 2026, 04:51 ET — Market closed
- Intel shares logged a sharp gain in Friday’s first U.S. session of 2026 as chipmakers led a broader rebound.
- Investors’ near-term focus is on U.S. jobs and inflation data that can reset interest-rate expectations for tech stocks.
- Intel’s CES presence next week and a late-January earnings window are the next key milestones.
Intel Corporation (INTC) shares rose $2.48, or 6.7%, to $39.38 on Friday, after trading between $37.41 and $39.86, as semiconductors powered Wall Street’s first session of 2026. Nvidia added 1.2% and Advanced Micro Devices gained 4.3%.
The Philadelphia Semiconductor Index, a benchmark of major chip stocks, climbed 4% as the Dow rose 0.66% and the S&P 500 gained 0.19%, while the Nasdaq finished slightly lower, Reuters reported. The split underscored how chipmakers were doing the heavy lifting for risk appetite heading into the new year. Reuters
Investors now face a busy January slate, led by the U.S. monthly employment report due Jan. 9 and consumer price index data on Jan. 13, both key to bets on Federal Reserve rate cuts. “The market is looking for direction,” Matthew Maley, chief market strategist at Miller Tabak, said. Lower rate expectations tend to support growth stocks by making future profits more valuable today. Reuters
For Intel, the sharp move comes as it tries to convince investors it can regain ground in PCs and servers while building a contract manufacturing business. That effort has left the stock sensitive to chip-demand headlines and to shifts in interest-rate expectations.
In the PC market, Intel has pegged the availability of its “Panther Lake” laptop chips for early 2026. Reuters previously reported the chips are designed to cut power use versus the prior generation, a key factor for thin-and-light laptops. Reuters
On the manufacturing side, Intel Foundry is trying to win customers that need chips made in outside factories — a segment dominated by Taiwan Semiconductor Manufacturing. Intel has warned that securing an external customer for its next-generation process technology is pivotal for the foundry push. Reuters
In a Dec. 29 filing, Intel said it completed the issuance and sale of 214,776,632 shares to Nvidia for $5.0 billion, at $23.28 per share, in a private placement. The shares were issued under a purchase agreement signed in September, the filing showed. SEC
Traders are also looking ahead to Intel’s next earnings update for clues on margins and capital spending, two swing factors for the turnaround story. A Yahoo Finance earnings calendar lists Jan. 29 as the next expected report date. Yahoo Finance
In October, Intel forecast fourth-quarter revenue of $12.8 billion to $13.8 billion and guided to non-GAAP earnings per share of about 8 cents — a profit metric that excludes certain costs. Investors will watch whether Intel meets that range and how it frames demand for PCs and data-center chips. SEC
Before the next session, investors will watch for product news from the Consumer Electronics Show in Las Vegas, where Intel says it will take part from Jan. 5-9. PC chipmakers often use the event to set expectations for the year’s notebook lineup. Intel
With Intel closing just under $40, that round-number level is on technical analysts’ screens as a near-term resistance point. A move back toward Friday’s mid-$37 low would be an early test of how much of the rally was position-resetting versus fresh buying.
