Intel is trading at $100.35 (+10.27%) as chip stocks rally alongside a broader semiconductor rebound and improving market sentiment.
- The move tracks a significant sector surge, with the SOXX semiconductor index rising nearly 5% amid easing geopolitical tensions.
- Broader U.S. equities are trending higher following stronger-than-expected manufacturing data and a shift toward risk-on assets.
- No company-specific catalysts were reported; the gain is primarily driven by sector-wide momentum across AI and semiconductor names.