Intel Stock Is Soaring. Is the Turnaround Gamble Finally Paying Off?

Intel Stock Is Soaring. Is the Turnaround Gamble Finally Paying Off?

Investopediatechnology

Key Points:

  • Intel shares surged over 6% following the launch of its new "Panther Lake" AI PC chips, marking a significant milestone with its advanced 18A manufacturing process.
  • The company’s foundry business had struggled under former CEO Pat Gelsinger, but new CEO Lip-Bu Tan’s cost-cutting and asset sales, combined with recent strategic investments, have improved investor confidence.
  • The U.S. government invested nearly $10 billion in Intel, becoming its largest shareholder, while Nvidia committed $5 billion and agreed to collaborate on data center technology, boosting market optimism.
  • Analysts expect continued support from Nvidia and the U.S. government, with potential interest from tech giants like Apple in Intel’s upcoming 14A manufacturing