TLDR
- Intel closed at $104.47, up 9.05% on Tuesday, on volume of spherical 140 million shares, bigger 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 performed a $20 billion stock offering at $95 per fragment, upsized from an initial $15 billion.
- DigiTimes reported Intel might possibly well elevate CPU prices by up to 10% later this yr, its third tag hike in 2026.
- Northland Securities upgraded Intel to Outperform with a $120 tag target, citing “discipline matter development” in its turnaround.
Intel closed Tuesday at $104.47, up $8.67 on the day. That 9.05% single-session create came on volume of roughly 140 million shares, bigger than double its fresh average.
The switch did not occur . It came in two waves right during the trading session.
The first catalyst hit earlier within the day. Intel performed a $20 billion underwritten celebrated stock offering priced at $95 per fragment. That deal became upsized from an long-established $15 billion target.
At the the same time, Nvidia disclosed a stake in Intel valued at roughly $30 billion. Reports additionally surfaced that SK Hynix is evaluating Intel’s foundry for future HBM4E memory production.
These three objects by myself moved the stock by several share aspects.
CPU Tag Hikes Add Gas
The better push came later within the session. DigiTimes reported Intel might possibly well elevate CPU prices by as critical as 10% later this yr, doubtlessly starting in October.
Which might be Intel’s third tag hike in 2026, following increases within the first quarter and again in July. Rising present-chain charges are cited as a cause, nonetheless the pattern additionally aspects to solid demand and restricted customer willingness to interchange suppliers.
Northland Securities analyst Gus Richard upgraded Intel to Outperform the the same day, atmosphere a $120 tag target. He cited discipline matter development in Intel’s turnaround and its foundry ambitions.
UBS Community additionally raised Intel from impartial to buy on Tuesday. DA Davidson lifted its target from $77 to $100, despite the indisputable truth that kept a impartial ranking. TD Cowen raised its target from $75 to $115 and held a withhold ranking.
The consensus analyst ranking sits at Protect, with an average tag target of $107.74.
Institutional and Insider Buying
Intel CEO Lip-Bu Tan purchased 105,263 shares on August 11th at $95 per fragment, spending roughly $10 million. That increased his advise ownership by 8.7%, bringing his total to 1,314,669 shares.
TD Waterhouse Canada increased its Intel feature by 93.9% within the 2nd quarter, including 179,187 shares to withhold 369,989 total, valued at roughly $47 million. Institutional traders now possess 64.53% of Intel’s stock.
On the earnings front, Intel reported Q2 income of $16.13 billion, up 25.2% yr over yr. EPS came in at $0.42, beating the $0.21 consensus by double. Intel’s Q3 2026 EPS guidance is determined at $0.38.
High-NA EUV Milestone
Intel and ASML additionally reported that Intel Foundry has processed bigger than one million wafers using High-NA EUV instruments. The abilities is being utilized to the 18A course of and upcoming Panther Lake chips.
Mizuho remains cautious, reportedly reducing its tag target to $92 and flagging dilution concerns following the stock offering and capital wants for foundry enlargement.
Intel’s 52-week differ now runs from $24.05 to $142.35. The fresh tag of $104.47 sits about 36% beneath the 52-week high.
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