Intel Just Ripped 116% in a Month. Is It Time to Sell in May and Go Away?

"Shares of Intel ( NASDAQ:INTC | INTC Price Prediction) are ripping higher again in Friday afternoon trading, with the stock changing hands near $125, up roughly 14% on the session. The move caps a stunning month for the chipmaker. INTC stock is now up approximately 116% over the past month with today's intraday gain factored in."

"Two narratives are powering Intel's surge. CNBC's Jim Cramer recently highlighted a spike in CPU demand driven by AI, framing Intel as a key player in data center compute as inference and agentic workloads scale across the industry. The second catalyst is the bigger one. Reports of a preliminary chip manufacturing agreement with Apple ( NASDAQ:AAPL) have fueled intense speculation, and this marks the third major Intel rally tied to foundry news in recent months."

"Fundamentals back part of the story, too. Intel's Q1 2026 report delivered non-GAAP EPS of $0.29 versus a $0.0127 consensus and revenue of $13.58 billion against a $12.43 billion estimate, with the Data Center and AI segment reinforcing the AI-CPU thesis."

"Triple-digit gains in roughly a month are historically anomalous and often precede sharp corrections. Intel's 14-day Relative Strength Index (RSI) hit 80.5 on May 7, deep into overbought territory, after peaking at 87.48 on May 1. Sustained RSI readings above 80 historically precede pu"

Intel shares rose sharply in Friday afternoon trading, reaching about $125 and gaining roughly 14% on the session. The rally follows a month marked by extreme gains, with the stock up about 116% over one month, about 107% through Thursday’s close, and about 197% year to date. The stock is also up about 440% over the trailing year and has roughly tripled in 2026. The surge is linked to narratives of increased CPU demand from AI workloads and speculation about a preliminary chip manufacturing agreement with Apple. Intel’s Q1 2026 results showed non-GAAP EPS of $0.29 versus a $0.0127 consensus and revenue of $13.58 billion versus $12.43 billion, with Data Center and AI supporting the thesis. Technical indicators show an overbought 14-day RSI near 80.5 after peaking above 87.

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