Intel (INTC) Stock Surges on Revenue Beat and Strategic Investments
Intel shares soared 9% in premarket trading following a stronger-than-expected third-quarter revenue report of $13.65 billion, surpassing analyst estimates of $13.14 billion. The chipmaker's net income reached $4.1 billion, a stark reversal from last year's $16.6 billion loss, driven by aggressive cost-cutting measures that reduced headcount by nearly 30%.
Strategic investments have bolstered Intel's position. The U.S. government emerged as its largest shareholder in August 2025 with a 10% stake via an $8.9 billion investment, while Nvidia and SoftBank committed billions in separate deals. Despite warnings about delayed yield improvements for its 18A manufacturing process until 2027, Intel's stock has surged 90% year-to-date, outperforming rivals Nvidia and AMD.
