Intel shares rose by approximately 37.5% over the past month, reaching $123.86 by September 22, 2026. The company currently fulfills only about 50% of customer orders for its CPUs due to high demand.
The growth is driven by the rise of agentic AI applications, such as Meta's Muse AI, which rely heavily on CPU inference. In Q2 2026, Intel reported revenue of $16.1 billion, marking a 25% year-over-year increase.
Strategic partnerships, including supplying Xeon processors to Google and collaborations with Elon Musk's ventures, have strengthened Intel's position. Analysts have responded by upgrading price targets for Intel and competitors like AMD and Arm.
Intel is focusing on expanding its foundry business to address supply constraints and create new revenue streams. The company's current backlog of unfilled orders is expected to support revenue growth for several quarters.
