Intel (INTC) shares vaulted more than 10% on Monday, climbing to roughly $134 per share and delivering an intraday gain of about $13.
Share‑Price Surge
The rally, which began late last week, accelerated after President Trump posted on social media that Apple intends to collaborate with Intel on chip design and domestic manufacturing. The announcement pushed the stock to new highs and injected fresh momentum into the market.
Analyst Outlook
Over the weekend, Mizuho upgraded its price target for Intel from $128 to $135 while keeping a Neutral rating, citing the firm’s advanced EMIB‑T and Foveros packaging technologies as key differentiators. Analysts project that these capabilities could capture 10%‑15% of the advanced packaging segment in the coming years.
Market Commentary
CEO Lip‑Bu Tan amplified investor optimism during his appearance on the “No Priors” podcast, outlining an aggressive goal of delivering a ten‑fold return for shareholders within a five‑ to ten‑year horizon, a target he linked to his success at Cadence Design Systems. On CNBC’s “Mad Money,” Jim Cramer labeled Intel his “new favorite stock in this market,” emphasizing the rising CPU demand driven by AI workloads and noting that investors are also watching Intel’s potential role in blockchain and crypto hardware solutions.