Intel shares rise as pricing, foundry progress support turnaround case
Intel shares surge on Tuesday as new signs of pricing power, manufacturing progress and reduced concern over a potential government stake sale bolster confidence in the chipmaker’s recovery. The rally pushes the stock further above the level of its recent equity offering and above the price at which CEO Lip-Bu Tan bought shares.
Highlights
- Intel plans to raise CPU prices in October as demand for AI server processors grows, signaling increasing pricing power.
- Intel and ASML report over 1 million wafers processed with High NA EUV lithography, meeting expectations for the 18A process and supporting transition to 14A.
- Easing concern over a potential sale of the U.S. government's 10% stake in Intel and a rebound from recent trading volatility reinforce the company's turnaround case.
Chip pricing and manufacturing milestones lift sentiment
As reported by CNBC, citing DigiTimes, Intel is preparing to raise CPU prices in October, a development that suggests the company is gaining pricing leverage as demand grows for processors used in increasingly complex AI servers.Support for the stock also comes from the latest manufacturing update from Intel Foundry and ASML. The companies say Intel is already using next-generation high numerical aperture extreme ultraviolet, or High NA EUV, lithography in high-volume manufacturing, with more than 1 million wafers processed to date. Intel says the technology is meeting expectations on its 18A process and is expected to play an important role as the company moves toward the more advanced 14A process.
Government stake concerns and recent trading backdrop
Another factor aiding the move is easing concern that the U.S. government could sell its 10% stake in Intel after restrictions on those sales expired Aug. 26. President Donald Trump’s weekend comments on Truth Social, highlighting gains in U.S. government holdings, are viewed by Jim Cramer as a sign that an immediate sale is less likely.Intel shares had climbed to about $140 on June 22 before falling as the broader semiconductor sector came under pressure from forced selling tied to the unwind of AI-focused fund Situational Awareness. CNBC’s report says the recent rebound strengthens the view that Intel’s turnaround remains on track, even after earlier volatility in the stock.
Intel’s reported fall CPU price hike was one of the standout catalysts we previously highlighted in a broader market wrap, where investors weighed inflation, oil moves, and expectations for the Fed. We noted that the pricing news helped lift attention on AI- and semiconductor-linked names, alongside renewed enthusiasm around OpenAI’s Astra model and continued focus on hardware demand.
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