New York, February 3, 2026, 05:36 EST — Premarket
- Intel shares climbed roughly 2.7% in premarket action, following a 5% surge on Monday
- SoftBank unit SAIMEMORY has inked a collaboration deal with Intel to develop next-gen memory tailored for AI workloads
- Traders are gearing up for major tech earnings this week, looking for clues on AI investment and chip demand.
Intel shares climbed roughly 2.7% to $50.14 in U.S. premarket trading Tuesday, extending a strong rally from the day before. The stock was last seen at $50.14 as of 5:30 a.m. ET, per Public.com data.
The initial boost came after a fresh partnership announcement from Japan. SoftBank Corp revealed that its fully owned SAIMEMORY division inked a collaboration deal with Intel on Feb. 2. The goal: to develop “Z-Angle Memory,” a next-gen memory tech designed for high-capacity, high-bandwidth, and energy-efficient performance in data centers handling large AI model training and operations. ソフトバンク
Intel jumped 5.04% to close at $48.81 on Monday, beating the broader market’s gains. “The fundamentals are good and earnings are strong,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. Chip stocks and AI plays drove indexes toward record highs; Advanced Micro Devices climbed about 4%, while Micron Technology added roughly 5.5%. MarketWatch
Intel unveiled new Xeon 600 processors for client workstations on Monday. “We’re delivering the platform professionals need in their daily workflows,” said Hector Guevarez, director of the workstation segment at Intel’s client computing group. Newsroom
In a separate filing, Intel officer April V. Boise submitted a Form 144 notice to offload up to 20,000 shares, valued around $980,822, via Morgan Stanley Smith Barney. The sale was scheduled for “on or about” Feb. 2. According to the form, she hadn’t sold any company stock in the previous three months. Intel Corporation
A Form 144 is a heads-up insiders must file before selling restricted shares, per SEC regulations. It doesn’t guarantee a sale took place, and the planned trades can still be altered or scrapped.
Since Intel’s latest earnings release, investors have reacted swiftly to the news. On Jan. 22, the company projected first-quarter revenue between $11.7 billion and $12.7 billion, with earnings per share expected at $(0.21). This highlights just how crucial execution remains to Intel’s near-term outlook.
Yet these fresh catalysts come with complications. The SoftBank-backed memory venture is a long play — prototypes expected by the fiscal year ending March 31, 2028, with commercialization slated for FY2029. Premarket trading, however, often inflates price swings that tend to settle back once regular trading begins.
Traders are zeroing in on megacap tech earnings beyond just Intel, eyeing them as the next checkpoint for the AI-driven rally that’s been moving semiconductor stocks. Amazon will report its fourth-quarter results on Feb. 5, with a webcast scheduled for 5 p.m. ET, following the release.
Alphabet will report earnings after the close on Wednesday, drawing investor attention to any updates on cloud capacity and AI-related spending. These factors could influence chip demand moving forward.
