Intel Stock Rally Continues Amid Positive Market Signals

Intel shares surged as much as 5.6% during Wednesday's trading session, significantly outperforming a broader market sell-off. The chipmaker's stock has been on an upward trajectory over the past month, buoyed by strategic investments from the U.S. government and other key stakeholders. These developments have reinforced confidence in Intel's transition to its 18A node technology.

Micron Technology's revised guidance for PC and traditional server markets provided additional tailwinds. CEO Sanjay Mehrotra noted "significant strengthening" in traditional servers, with mid-single-digit growth now expected for 2025—a marked improvement from previous flat projections. While Intel faces criticism for lagging in AI server GPUs, its dominance in enterprise traditional servers positions it to capitalize on this sector's revival.