Intel is trading 10.1% up at $20.84, rebounding sharply alongside a strong move in semiconductor peers and AI-focused tech names.
- The stock is benefiting from a nearly 5% surge in chipmakers, lifted by strong earnings and guidance from sector leaders and renewed enthusiasm for AI applications.
- Broader U.S. indices are also providing a tailwind, rallying on upbeat manufacturing data and easing energy-price worries.