Intel Stock Surges on Foundry Progress and Strategic Moves

Intel shares jumped 6.4% as the chipmaker showed resilience in the foundry race, securing second place behind TSMC with 6.5% market share. While quarterly figures revealed a slight dip from Q1 2024, the rebound from Q4 2024's 5.9% demonstrates regained momentum.

The company bolstered investor confidence through a high-profile AI-powered marketing deal with Accenture, targeting efficiencies in its $856 million ad spend. Geopolitical tailwinds, including Middle East de-escalation and anticipated Fed easing, provided additional lift.

Competitive dynamics shifted favorably as Samsung's reported retreat from 1.4nm development could cede ground to Intel's fabrication efforts. The semiconductor giant's multi-pronged progress—from process technology to cost optimization—signals a potential inflection point in its comeback narrative.