Intel shares rose up to 1.5% to $69.55, the highest intraday level since the dot-com era, and are about 8% below the 2000 record close of $74.88. The stock is up 90% in 2026 after gaining 84% in 2025, following a 60% drop in 2024 driven by heavy capex and weaker revenue. Recent catalysts include a $14.2 billion deal to repurchase half of its Ireland fab from Apollo, participation in Elon Musk’s Terafab project for Tesla, SpaceX, and xAI, and Alphabet’s commitment to use future Xeon chips in data

Intel shares rose up to 1.5% to $69.55, the highest intraday level since the dot-com era, and are about 8% below the 2000 record close of $74.88. The stock is up 90% in 2026 after gaining 84% in 2025, following a 60% drop in 2024 driven by heavy capex and weaker revenue. Recent catalysts include a $14.2 billion deal to repurchase half of its Ireland fab from Apollo, participation in Elon Musk’s Terafab project for Tesla, SpaceX, and xAI, and Alphabet’s commitment to use future Xeon chips in data centers. Investors are focused on potential new foundry customers such as Apple and Nvidia and improving margin outlook.