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Intel Shares Rally on Pricing Power and Positive Foundry Updates
Electronic Technology · Semiconductors · cnbc · 2026-09-08
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Intel stock climbed 9% following reports of CPU price hikes and successful manufacturing milestones, prompting renewed bullish sentiment from Jim Cramer.
What Happened
Turnaround Progress: Intel shares surged 9% as the company demonstrated improved pricing power and operational efficiency. Reports indicate that the chipmaker is preparing to raise CPU prices in October, reflecting strong demand for high-performance AI server components.
Manufacturing Milestones: The company is making significant strides in its foundry business, successfully utilizing next-generation high numerical aperture extreme ultraviolet lithography. Having processed over 1 million wafers, Intel is demonstrating that its 18A process is performing well, which is critical for its transition to the more advanced 14A technology.
Government Stake Outlook: Investor concerns regarding a potential sale of the U.S. government's 10% stake in Intel have eased following recent comments from President Donald Trump. Market participants interpreted the President's social media activity as a signal that a near-term divestment is unlikely, removing a significant overhang on the stock.
Analyst and Club Sentiment: Jim Cramer has reaffirmed his bullish stance on Intel, naming it one of his top six stocks to buy. Despite a volatile period earlier in the year caused by broader semiconductor fund unwinds, the Investing Club maintains a buy-equivalent rating with a $140 price target.
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