Intel shares hit 52‑week high as earnings beat expectations

Intel Corp. (NASDAQ:INTC) saw its stock climb to a 52‑week high of $141.80, driven by a broad risk‑on rally in chip stocks and several analyst upgrades. Cantor Fitzgerald raised its price target to $150 from $90, while other firms lifted targets into the $140‑$150 range, citing momentum in Intel’s foundry and AI‑related businesses.

The company reported first‑quarter earnings of $0.29 per share, topping the consensus estimate of $0.01, and revenue of $13.58 billion, up 7.4% year‑over‑year. Intel highlighted progress with its 18A‑P process moving into risk production and continued growth in AI and foundry revenue. Guidance for the second quarter of 2026 projects earnings of $0.20 per share.