The price of Intel Corp. on Friday reached the highest since 2000 amid optimism about the company’s recovery in the microchip market.
Intel shares rose 1.7% to $69.67 per paper by 17: 52 kph. The company’s capitalisation has almost doubled since the start of the year after rising 84% in 2025. The chipmaker’s market value has fallen 60% in 2024.
Intel has been losing competition to companies such as AMD in recent years, and its lag has been particularly strong in the segment of advanced chips used in the operation of artificial intelligence technologies. But in recent months, the company has secured a number of major contracts, notably to supply chips to Elon Musk and Alphabet Inc. that have improved investor sentiment.
“There are a lot of short-term catalysts for growth,” said Gabelli Funds analyst Ryuta Makino. – Intel stock is very attractive.”