Intel is trading at $99.37 (9.1% up) as it participates in a broad rebound across semiconductor and AI-related stocks.
- The broader chips sector is surging, with the SOXX index up nearly 5% following upbeat earnings from industry peers.
- Improving risk-on sentiment and macro easing regarding interest rates and geopolitics are providing additional support to technology names.
- No fresh, company-specific announcements from Intel have been reported to account for the move.