Intel CorporationNasdaq: INTC
Information Technology · Semiconductors
$99.64
+5.46%
Vol: 144.2M
Research Digest
Friday, May 1, 2026
Intel posts best month in 55 years with 114% April gain after blowout Q1 earnings; U.S. government made $30B on Intel stake in 90 days
Intel soared 114% in April (best month on record) and 150% YTD on blowout Q1 earnings and turnaround narrative. Stock surged ~130% from late March lows as CFO David Zinsner disclosed advanced packaging will generate billions annually (vs. hundreds of millions prior). Trump administration gained $30B on government's 10% stake in 90 days. Reports indicate Apple and Google considering Intel foundry services for custom chips potentially launching 2027. Barclays raised price target to $65 from $45. Hold consensus rating with $77.27 average target. Stock at $65.68.
Previous Market Intelligence
13 daysApr 30Intel surges 12% on blowout Q1 earnings, Barclays upgrades to $65 target as AI demand powers data center growth 22%Positive▶
Intel beat Q1 2026 expectations with $13.6B revenue (+7% YoY) and $0.29 EPS, raising Q2 guidance to $13.8-14.8B. Data center revenue surged 22% to $5B+ on strong AI CPU demand. Barclays upgraded to Buy with $65 PT, Evercore to Outperform $111, Citi to Buy $95. Stock up 115.8% YTD, hitting new highs as agentic AI deployment drives CPU demand. Management confidence bolstered by $50B order volume on $6.5B bond sale and Ireland fab acquisition. Near-term risk: semiconductor cycle downturn or GPU market share erosion.
Apr 29Intel reports Q1 2026 earnings beat with AI-driven revenue surge to $13.58B, stock soars 24% on strongest data center growth in 22% YoYPositive▶
Intel exceeded expectations for the sixth consecutive quarter, with Q1 revenue of $13.58B (+7.2% YoY) and adjusted EPS of $0.29 vs. $0.01 estimate. AI-driven businesses represent 60% of revenue with 40% YoY growth. Data center revenue climbed 22% to $5.1B. Stock surged 24% on April 24 (best day since 1987) and is up 150% YTD. Analyst upgrades include Citi (Buy, $95 PT), Evercore ISI (Outperform, $111), and KeyBanc ($110). NVIDIA invested $5B, SoftBank added $2B. Company guided Q2 revenue $13.8B-$14.8B.
Apr 16Intel surges 53% in nine days after joining Elon Musk Terafab project and reacquiring Ireland fab stake for $14.2 billionPositive▶
Intel has become one of the hottest stocks with a historic 53% surge in nine sessions, adding over $100 billion in market value as of April 13, 2026. The company joined Musk Terafab effort for AI chip development, announced a multiyear partnership with Google for AI infrastructure, and completed a $14.2 billion buyback of its Ireland Fab 34 joint venture stake. Intel confirmed its 18A process is high-volume ready with new PowerVia and RibbonFet technologies, though supply constraints and export restrictions present headwinds. The company will report Q1 earnings on April 23, 2026.
Apr 15Intel surges 50% in April following Terafab partnership with Elon Musk Tesla and xAI, plus government CHIPS Act supportPositive▶
Intel stock gained approximately 50% in April following participation in Elon Musk Terafab AI chip manufacturing project. The surge was driven by government backing through CHIPS Act and a $14.2 billion Ireland Fab 34 buyback. Susquehanna raised target to $80; Wells Fargo raised to $55. Q1 earnings scheduled April 23.
Apr 14Intel soars 53% in nine sessions on Terafab partnership with Elon Musk and $14.2B Ireland Fab buybackPositive▶
Partnered with Elon Musk Terafab AI chip project. Repurchasing Apollo 49% stake in Fab 34 Ireland for $14.2B. Added over $100B in market value. Wells Fargo raised PT to $60.
Apr 13Intel joins Elon Musk Terafab project; repurchases Ireland Fab joint venture for $14.2BPositive▶
Intel announced participation in Elon Musk Terafab project (April 7) to develop AI/robotics chips for Tesla, SpaceX, and xAI. Signed definitive agreement to repurchase Apollo 49% equity in Ireland Fab 34 for $14.2B. Q1 earnings report scheduled for April 23 after market close. Stock rallied 70% YTD and 216% over past year on AI momentum.
Apr 10Intel surges on Terafab partnership with Elon Musk and Google AI infrastructure deal; stock up 225% over past year.Positive▶
Intel soared on partnership with Elon Musk's Terafab project for advanced chip manufacturing and expanded collaboration with Google on AI infrastructure. Agreement to repurchase 49% equity interest in Irish fab joint venture for $14.2B. Stock gained 3.08% on April 9 and surged 225% over past year. 18A process node entered high-volume production. Q1 FY2026 results scheduled April 23.
Apr 9Intel Soars 11.4% After Joining Elon Musk Terafab AI Chip ProjectPositive▶
Intel surged 11.42% after announcing its role as a foundry partner in Elon Musk Terafab project to build advanced AI chips for Tesla, SpaceX, and xAI. Additionally, Intel acquired full ownership of Fab 34 in Ireland for $14.2 billion, securing production of its advanced Granite Rapids server CPUs. The company will report Q1 2026 earnings on April 23 and showcase AI innovations at Google Cloud Next 2026.
Apr 8Intel rallies 4.19% on Terafab partnership and Fab 34 stake repurchase from Apollo for $14.2B.Positive▶
Intel surged on Terafab project partnership (Tesla/SpaceX joint venture) for AI chip manufacturing. Repurchased Apollo Global Management's 49% stake in Fab 34 (Ireland) for $14.2B. Stock at $52.91 (+4.19%). KeyBanc raised target to $70 from $65. Strong demand for Panther Lake processors noted.
Apr 7Intel surges 9% on $14.2B Ireland fab buyback deal; KeyBanc raises price target to $70.Positive▶
Intel announced repurchase of 49% equity stake in Ireland Fab 34 from Apollo Global Management for $14.2 billion (vs $11.2B Apollo paid in 2024), signaling renewed manufacturing strength. Stock jumped 9% on April 1, now up 16% past sessions. Advanced talks with Google and Amazon on AI chip packaging. Intel planning $15M additional investment in SambaNova, increasing stake from 6.8% to 9%. Aparna Bawa appointed EVP Chief Legal & People Officer on April 2. Core Ultra Series 3 processors launched on Intel 18A node. KeyBanc raised price target to $70 from $65, maintaining Overweight. Stock at $50.39, up 157.43% past year but pressed on recent pricing moves.
Apr 6Intel jumps 9% after buying back Apollo Ireland fab stake for $14.2B.Positive▶
Intel surged 9% after repurchasing 49% Ireland fab stake from Apollo for $14.2B (originally sold for $11.2B in 2024). CFO cites stronger balance sheet. Board Chair Frank Yeary retiring; Craig Barratt appointed. Q1 earnings April 23.
Apr 3Intel surges 9%+ after agreeing to buy back 49% stake in Ireland Fab 34 from Apollo Global for $14.2 billion.Positive▶
Intel announced a $14.2 billion buyback of its 49% stake in the Ireland chip facility (Fab 34) from Apollo Global Management on April 1, giving full ownership and driving a 9%+ stock jump. The move signals Intel's strengthening financial position amid turnaround efforts. Intel appointed Aparna Bawa as EVP and Chief Legal & People Officer. Mobileye secured a major driver monitoring system production program. Earnings report scheduled April 23.
Apr 1Intel launched Core Ultra Series 3 processors on 18A process, announced 15% CPU price increase; earnings April 23.Mixed▶
Intel launched Core Ultra Series 3 commercial processors on advanced 18A process technology for AI-driven workloads. March 26 announcement of up to 15% CPU price increases to offset manufacturing costs. Expanded collaboration with Infosys on multi-layer AI fabric. Board Chair Frank Yeary retiring post-Annual Meeting. Q4 2025 EPS of $0.15 beat $0.04 by 275%. April 23 earnings call at 2 PM PT.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NVDANVIDIA | $198.66 | -0.46% | +12.3% | 17.8x | 2.33 | $4.85T |
| AVGOBROADCOM | $420.41 | +0.71% | +32.8% | 23.0x | 1.25 | $1.98T |
| MUMICRON | $541.19 | +4.65% | +36.9% | 5.1x | 1.61 | $583.2B |
| AMDADVANCED | $360.21 | +1.61% | +61.0% | 32.0x | 1.96 | $578.0B |
| INTCINTEL | $99.64 | +5.46% | +86.1% | 63.8x | 1.35 | $474.9B |
| TXNTEXAS | $281.02 | -0.02% | +41.0% | 30.8x | 0.99 | $255.8B |
Key Fundamentals
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Price above both MAs — bullish structure.