Intel shares jump over 20% as AI demand and foundry growth lift outlook

Intel stock surge AI demand foundry growth institutional buying

Intel Corp. saw its stock rise 21.8% in June, reaching $120.35, driven by strong demand for AI data‑center processors and accelerating revenue from its Intel Foundry Services. In the first quarter, revenue grew 7% to $13.6 billion, with AI‑related sales up 22% to $5.1 billion and foundry revenue up 16% to $5.4 billion. Analysts upgraded price targets, with HSBC raising its target to $200, citing the turnaround in the foundry business and potential partnerships.

Institutional investors also added to the buying pressure. Baer Investment Advisory LLC acquired 5,279 Intel shares worth about $233,000 in the first quarter, while other funds such as Financial Life Planners and Legacy Bridge LLC reported new positions in recent months. Insider sales were noted but did not offset the overall buying trend.

The combined effect of AI‑driven demand, improved factory utilization and upbeat analyst coverage has repositioned Intel as a growth story in the semiconductor sector.

Sources

Here's Why Intel Stock Soared Last Month | The Motley Fool [www.fool.com]

9 days ago

If You'd Put $10,000 Into Intel Stock at the Start of 2026, Here's How Much You'd Have Today | The Motley Fool [www.fool.com]

10 days ago

4,837 Shares in Intel Corporation $INTC Purchased by Integral Investment Advisors Inc. [www.marketbeat.com]

9 days ago

Baer Investment Advisory LLC Acquires Shares of 5,279 Intel Corporation $INTC [www.marketbeat.com]

8 days ago