Intel shares rose by more than 40% in September 2026, bringing the total year-to-date growth to over 200%. The stock reached an intraday high of over $127 and closed the month at approximately $123. On September 21, the company recorded a single-day share price increase of 12.14%.
The rally was driven by the release of the Muse AI agent by Meta Platforms and statements from Intel CEO Lip-Bu Tan regarding the company's ability to meet only 50% of current CPU demand. In Q2 2026, Intel reported revenue of $16.1 billion, a 25% increase compared to the previous year.
Melius Research has raised its price target for Intel stock to $165, suggesting a potential 34% upside from the September closing price. Currently, the company is trading at more than 60 times forward earnings. Earlier in 2026, the stock price reached a peak of $142.
The company is currently exploring potential partnerships, including discussions with SK Hynix regarding memory chip manufacturing. CEO Lip-Bu Tan is focused on making the foundry business profitable. Analysts note that future growth depends on sustaining revenue increases above 20% and achieving profitability in the foundry segment.
