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(Bloomberg) — Intel Corp. has quickly become one of the hottest stocks in the S&P 500 Index thanks to a nine-day surge that has added more than $100 billion in market value.<\/p>\n
A rash of good news over the last two weeks has reinvigorated investor enthusiasm that the chipmaker may be able to pull off a dramatic turnaround after years of underperforming amid fears that it had lost its edge in semiconductor manufacturing. Shares just posted their best week since January 2020 and have soared 53% in nine sessions, including Monday. This is the most on record for any similar stretch of trading \u2014 quite the feat for a company that went public in 1971.<\/p>\n
\u201cIt is clearly no longer on life support,\u201d said Thomas Hayes, chairman and managing member of Great Hill Capital, which has about $1 billion in assets under management and owns the stock.<\/p>\n
The latest run of gains was sparked by an early April announcement that Intel had agreed to pay $14.2 billion to buy back half of a plant in Ireland from Apollo Global Management. The move was seen as proof that it\u2019s making progress in its turnaround.<\/p>\n
\u201cIt sees itself in expansion mode, not survival mode,\u201d Hayes said.<\/p>\n
Shares rose 3.1% on Monday.<\/p>\n
The shares got another boost last week when Intel said it would join Elon Musk\u2019s Terafab project to develop semiconductors for Tesla Inc., SpaceX and xAI. That was followed by a commitment for Alphabet Inc.\u2019s Google to use future generations of Intel\u2019s Xeon processors in data centers.<\/p>\n
The rally has pushed the stock\u2019s gains on the year to 72%, which comes on the heels of its 84% jump last year sparked by investments from Nvidia Corp., SoftBank Group Corp. and even the US government. The government\u2019s stake is now worth roughly $27 billion, more than three times its original investment and slightly less than what the US pays annually for childcare services.<\/p>\n
\u201cThe Intel narrative keeps accelerating,\u201d Melius Research analyst Ben Reitzes wrote in a note to clients on Friday as he raised his price target on the stock for the third time this year. \u201cThe thesis around Intel\u2019s value as a strategic foundry asset seems to be validated daily.\u201d<\/p>\n
To be sure, the stock is still down about 8% from its 2020 high, compared with a gain of more than 100% for the S&P 500, which has been partially fueled by a surge in major AI chipmakers like Nvidia, Broadcom Inc. and more recently Micron Technology Inc.<\/p>\n
Wall Street is also far from convinced the worst is over for Intel. Of the 52 analysts tracked by Bloomberg who follow the shares, just 10 have buy ratings and six have sells, more than double the average for an S&P 500 stock. Intel\u2019s recommendation consensus \u2014 a proxy for the ratio of its buy, hold, and sell ratings \u2014 stands at 3.15 out of five, the weakest among chipmakers. The stock also trades at a sizable premium to the average analyst price target, an indication that it has run too far, too fast.<\/p>\n<\/p><\/div>\n
All this comes at a time when the stock is trading at more than 90 times estimated earnings for the next 12 months, its highest on record, according to data that goes back to the early 1980s. That\u2019s over 50% above where it traded at the peak of the dot-com bubble and compares with an average multiple of about 21 for an index of chip stocks.<\/p>\n
However, some analysts say investors need to take a longer-term view of the company. While Intel is expected to post a net loss of about 17 cents per share this year, its net income is projected to be 33 cents per share in 2027, and $2.13 per share by 2029, according to data compiled by Bloomberg.<\/p>\n
Seaport Group\u2019s Jay Goldberg, one of the many analysts to upgrade the stock in 2026, said Wall Street is \u201cprobably underestimating\u201d Intel\u2019s long-term earnings prospects. While valuations are \u201ccompletely insane\u201d across the chip sector, he sees greater potential for Intel to thump the consensus.<\/p>\n
\u201cIt\u2019s gonna be very hard for Nvidia to surprise meaningfully on the upside this year as opposed to Intel, which has had a rough couple of years and has a better shot of surprising earnings on the upside,\u201d he said.<\/p>\n
Tech Chart of the Day<\/p>\n
Top Tech Stories<\/p>\n
The federal government is moving to settle a yearslong case over Amazon.com Inc.\u2019s treatment of a group of delivery drivers, averting what could have been a landmark ruling establishing the company as the boss of some of the workers it has long insisted aren\u2019t its employees.<\/p>\n<\/li>\n
Apple is working on several frame styles and a unique camera design for its first smart glasses.<\/p>\n<\/li>\n
President Donald Trump\u2019s goal of significantly boosting global sales of American AI chips risks being undermined by licensing bottlenecks, staffing attrition and a lack of policy direction at the federal agency that oversees exports of billions of dollars in sensitive US technology.<\/p>\n<\/li>\n
Wall Street banks are starting to test Anthropic PBC\u2019s Mythos model internally as Trump administration officials encourage them to use it to detect vulnerabilities.<\/p>\n<\/li>\n<\/ul>\n
Earnings Due Monday<\/p>\n
–With assistance from Subrat Patnaik and David Watkins.<\/p>\n
(Updates to market open.)<\/p>\n
More stories like this are available on bloomberg.com<\/a><\/p>\n \u00a92026 Bloomberg L.P.<\/p>\n<\/p><\/div>\n (Bloomberg) — Intel Corp. has quickly become one of the hottest stocks in the S&P 500 Index thanks to a nine-day surge that has added more than $100 billion in market value. A rash of good news over the last two weeks has reinvigorated investor enthusiasm that the chipmaker may be able to pull off … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":27229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-27228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.jubi24.com\/wp-content\/uploads\/2026\/04\/Intels-100-Billion-April-Rally-Makes-It-Markets-Hottest-Stock.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/27228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27228"}],"version-history":[{"count":1,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/27228\/revisions"}],"predecessor-version":[{"id":27230,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/posts\/27228\/revisions\/27230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=\/wp\/v2\/media\/27229"}],"wp:attachment":[{"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jubi24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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