Intel (INTC) Stock Jumps 9% as Nvidia Reveals $30 Billion Stake and CPU Price Hike Looms
TLDR
- Intel closed at $104.47, up 9.05% on Tuesday, on volume of around 140 million shares, more than double its average.
- Nvidia disclosed a stake in Intel valued at roughly $30 billion, and SK Hynix is reportedly evaluating Intel’s foundry for HBM4E memory production.
- Intel completed a $20 billion stock offering at $95 per share, upsized from an initial $15 billion.
- DigiTimes reported Intel may raise CPU prices by up to 10% later this year, its third price hike in 2026.
- Northland Securities upgraded Intel to Outperform with a $120 price target, citing “material progress” in its turnaround.
Intel closed Tuesday at $104.47, up $8.67 on the day. That 9.05% single-session gain came on volume of roughly 140 million shares, more than double its recent average.
The move did not happen all at once. It came in two waves throughout the trading session.
The first catalyst hit earlier in the day. Intel completed a $20 billion underwritten common stock offering priced at $95 per share. That deal was upsized from an original $15 billion target.
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