Intel · CNBC Technology
Intel's stock more than doubles in April for best month in chipmaker's 55 years on Nasdaq
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Intel is on a winning streak unlike any since it became one of the first companies to go public on the Nasdaq nearly 55 years ago.
Key facts
- Intel's latest CPU for PCs, the Core Ultra Series 3, began selling in January, while its newest Xeon 6+ data center CPUs hit the market in March
- CPUs are cool again and Intel can't make enough," Moor Insights CEO Patrick Moorhead, who's been covering Intel for 35 years, told CNBC in an interview
- In another sign of renewed foundry strength this month, Intel announced it would repurchase a 49% equity stake of its Ireland chip facility for $14.2 billion
- Tan was tapped as CEO in March 2025, three months after Intel ousted Pat Gelsinger, whose four-year tenure was marred by turmoil
Summary
It's been an extended rally for Intel, which has enjoyed two of its best days ever in the last seven months, including a 24% jump on April 24, following a blowout earnings report. Intel is in the midst of a turnaround after years of delayed launches and disappointing yields that saw it fall far behind manufacturing leader Taiwan Semiconductor and chipmaker Nvidia in the race to power artificial intelligence. Wall Street appears convinced the tide may be turning, with Intel's latest 18A chips showing real promise as they churn out of the company's new Arizona plant. At the same time, agentic AI is spinning up a major resurgence in demand for Intel's core product, the central processing unit.