Intel Rallies 8% on New Chip Launch and Rising CPU Prices: Is the Turnaround Real?
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Intel Rallies 8% on New Chip Launch and Rising CPU Prices: Is the Turnaround Real?
"The introduction of our first products on Intel 18A marks an important milestone, and we're working aggressively to grow supply to meet strong customer demand."
"Shipping commercial products on Intel 18A is the first concrete proof that the factory works."
Intel's stock increased by 8% following the launch of its Core Ultra Series 3 enterprise chips and a round of CPU price hikes. The stock has risen 29% year-to-date and 96% since April 2025 lows. The Core Ultra Series 3 chips are designed for business PCs and AI workloads, showcasing Intel's advanced process technology. This launch signifies Intel's ability to produce competitive chips at scale, marking a significant milestone in its turnaround strategy under new CEO Lip-Bu Tan.
Read at 24/7 Wall St.
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