INTEL

Intel Corp. shares surged more than 4% in midday trading Thursday, climbing to around $67.88 as investors positioned for the chipmaker's first-quarter 2026 earnings report after the bell and cheered the company's string of high-profile AI infrastructure wins.

At 10:13 a.m. EDT, Intel (NASDAQ: INTC) stock had advanced $1.33, or 2.02%, from Monday's close of $65.70. The move came after the stock hit a 26-year high near $70.33 on April 17 before pulling back, reflecting a volatile but overall strong April rally that has seen shares surge more than 50% at times amid a series of positive developments.

Intel Corp. shares fell 3.78% in early Monday trading on April 20, 2026, dropping $2.59 to $65.91 as Wall Street prepared for the chipmaker's first-quarter earnings report on Thursday and weighed ongoing challenges in its foundry business against recent progress in AI partnerships and process technology.

Intel CEO Lip-Bu Tan faces scrutiny over a conflict of interest regarding AI startup investments, as Trump demands his resignation, adding pressure to a chipmaker already reeling from a 60% stock collapse.

Appaloosa Management's David Tepper heavily bought Intel shares right before its stock price soared on the US government's $11 billion investment in August and subsequent collaboration with Nvidia.

The Trump Administration has been aggressively pursuing equity stakes in major US private firms since July.

Facing deep losses, Intel is mounting a comeback fueled by government policy and private capital. The Trump administration took a 10% stake, while SoftBank and Nvidia invested a combined $7 billion.

The $8.9 billion equity deal, announced late last week, converted federal CHIPS Act grants into stock, making Washington Intel's largest single shareholder.

The layoffs are part of CEO Lip-Bu Tan's plan to simplify management and focus on rebuilding a strong engineering culture. At the end of last year, Intel had about 108,900 employees after already cutting 15,000 jobs in August 2024.

Former Intel CEO Pat Gelsinger, who suddenly resigned from his position, took to social media to encourage his supporters to pray and fast on behalf of thousands of Intel employees as layoffs increase.

Intel CEO Pat Gelsinger announced his retirement on December 1st after a 40-plus year career.

Intel revealed that the U.S. government subsidies require it to retain at least 50.1% ownership of Intel Foundry if separated into a private entity, and limit sales to a single shareholder to 35% if the unit becomes public, before running into "change-in-control" provisions.

In October, Intel posted its biggest quarterly loss in the entire 56-year history of the company, facing more pressure than ever to reduce its costs.

The company previously stopped offering the beverages in October as a way to cut costs, which was announced by signs posted in the employee kitchenettes.

The move is intended to 'ensure a more representative exposure to the semiconductors industry,' according to S&P Dow Jones Indices.

Apollo wants to put in an equity-like investment in Intel, according to reports.

Intel closed a deal with Amazon to manufacture AI chips for the e-commerce company.

Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated.

Stock markets were led lower largely by tech stocks, specifically the producers of microchips.

Pat Gelsinger will pitch the plan to the board of directors in the wake of last month's $1.6 billion quarterly loss, a source told Reuters.

The deliberations, which remain confidential, include the possibility of scaling back certain factory projects and even a potential merger or acquisition.