TLDR
- Intel closed at $104.47, up 9.05% on Tuesday, on volume of around 140 million shares, more than double its average.
- Nvidia disclosed a stake in Intel valued at roughly $30 billion, and SK Hynix is reportedly evaluating Intel’s foundry for HBM4E memory production.
- Intel completed a $20 billion stock offering at $95 per share, upsized from an initial $15 billion.
- DigiTimes reported Intel may raise CPU prices by up to 10% later this year, its third price hike in 2026.
- Northland Securities upgraded Intel to Outperform with a $120 price target, citing “material progress” in its turnaround.
Intel closed Tuesday at $104.47, up $8.67 on the day. That 9.05% single-session gain came on volume of roughly 140 million shares, more than double its recent average.
The move did not happen all at once. It came in two waves throughout the trading session.
The first catalyst hit earlier in the day. Intel completed a $20 billion underwritten common stock offering priced at $95 per share. That deal was upsized from an original $15 billion target.
At the same time, Nvidia disclosed a stake in Intel valued at roughly $30 billion. Reports also surfaced that SK Hynix is evaluating Intel’s foundry for future HBM4E memory production.
Those three items alone moved the stock by several percentage points.
CPU Price Hikes Add Fuel
The bigger push came later in the session. DigiTimes reported Intel may raise CPU prices by as much as 10% later this year, potentially beginning in October.
That would be Intel’s third price hike in 2026, following increases in the first quarter and again in July. Rising supply-chain costs are cited as a reason, but the pattern also points to strong demand and limited customer willingness to switch suppliers.
Northland Securities analyst Gus Richard upgraded Intel to Outperform the same day, setting a $120 price target. He cited material progress in Intel’s turnaround and its foundry ambitions.
UBS Group also raised Intel from neutral to buy on Tuesday. DA Davidson lifted its target from $77 to $100, though kept a neutral rating. TD Cowen raised its target from $75 to $115 and held a hold rating.
The consensus analyst rating sits at Hold, with an average price target of $107.74.
Institutional and Insider Buying
Intel CEO Lip-Bu Tan purchased 105,263 shares on August 11th at $95 per share, spending roughly $10 million. That increased his direct ownership by 8.7%, bringing his total to 1,314,669 shares.
TD Waterhouse Canada increased its Intel position by 93.9% in the second quarter, adding 179,187 shares to hold 369,989 total, valued at roughly $47 million. Institutional investors now own 64.53% of Intel’s stock.
On the earnings front, Intel reported Q2 revenue of $16.13 billion, up 25.2% year over year. EPS came in at $0.42, beating the $0.21 consensus by double. Intel’s Q3 2026 EPS guidance is set at $0.38.
High-NA EUV Milestone
Intel and ASML also reported that Intel Foundry has processed more than one million wafers using High-NA EUV equipment. The technology is being applied to the 18A process and upcoming Panther Lake chips.
Mizuho remains cautious, reportedly cutting its price target to $92 and flagging dilution concerns following the stock offering and capital needs for foundry expansion.
Intel’s 52-week range now runs from $24.05 to $142.35. The current price of $104.47 sits about 36% below the 52-week high.
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