Intel Corp (NASDAQ: INTC) stock rose by 3.17% today, marking a rare bright spot for the company after a prolonged period of underperformance. This rally is attributed to renewed investor optimism surrounding Intel’s turnaround strategy under its new CEO, Lip-Bu Tan.
Since taking the helm in March, Tan has unveiled aggressive plans to streamline operations, divest non-core assets, and refocus on engineering innovation—moves that have started to restore some confidence in the chipmaker’s future prospects.
The latest surge builds on a series of modest gains for Intel, with the stock up 4.33% over the past five days and inching higher by 1.78% over the last month. Despite these improvements, Intel’s long-term performance remains challenging, with shares down more than 33% over the past year as the company continues to lag behind competitors in the semiconductor sector.
Today’s positive momentum is also fueled by growing enthusiasm for Intel’s new Xeon 6 processors, which promise industry-leading AI performance at lower costs.
Investors are watching closely as Intel seeks to regain market share in artificial intelligence and advanced chip manufacturing. Additionally, significant government support, including nearly $8 billion from the U.S. CHIPS Act, is providing a financial cushion for Intel’s ambitious roadmap.
While risks remain and skepticism persists, today’s 3.17% gain signals that the market is willing to give Intel another chance as it attempts to execute its turnaround and capitalize on emerging opportunities in AI and next-generation chip technology.
