INTC is trading 3.7% up at $114.87 in pre-market, extending yesterday’s rally after Microsoft announced new Surface devices powered by Intel processors.
- Microsoft’s May 19 announcement includes new commercial Surface laptops and a Surface Pro powered by Intel Core Ultra Series 3 processors, marking a key win in the current PC refresh cycle.
- The move indicates stock-specific strength, as Intel is significantly outperforming broader index futures which are only modestly higher.