Intel Stock Surges 6% on AI Chip Launch and Government Backing
Intel shares rallied more than 6% Wednesday, capping a 15% gain in the first four trading days of 2026. The surge follows the January 5 debut of its Core Ultra Series 3 processors—codenamed "Panther Lake"—the first chips built on Intel's 18A manufacturing process. Benchmark results showcased at CES 2026 demonstrated significant performance leaps.
The Trump administration's $10 billion August investment solidified the U.S. government as Intel's largest shareholder, while Nvidia committed $5 billion for data center collaboration. Third-quarter revenue climbed 3% to $13.7 billion, with management noting supply struggles to meet demand. This momentum builds on an 80% share price appreciation throughout 2025 as Intel's turnaround gains credibility.
