Intel Shares Surge Nearly 24%, Exceeding Dot-Com Era Record on Turnaround Hopes

Shares of Intel jumped nearly 24% on Friday, surpassing a record set during the dot-com bubble, as the chipmaker’s latest results boosted investor confidence in a potential turnaround after a prolonged period of underperformance.

The rally follows earnings that signaled improving momentum across key business segments, reinforcing expectations that Intel may be stabilizing its position in an increasingly competitive semiconductor landscape dominated by rivals such as Nvidia and Advanced Micro Devices.

Investors have been closely watching Intel’s restructuring efforts, including cost controls, manufacturing expansion, and its push to regain leadership in advanced chip production. The latest results suggest early signs of progress, helping to shift market sentiment after quarters of declining margins and execution challenges.

The move marks one of the company’s strongest single-day performances in decades, underscoring how earnings-driven optimism continues to reshape valuations across the semiconductor sector.

Sources: Associated Press; Bloomberg; Reuters