Intel (INTC) Stock Surges 11% on Google AI Deal in 2026 — Foundry Boom
Intel stock has managed to stop its recent losses and is showing positive performance today. On May 11, the stock showed a very strong...
Quick overview
- Intel stock has halted its recent losses, showing a significant increase of over 11 percent today, trading around $110.27.
- The stock's rise is attributed to a major deal with Google for three million units of its TPU chip, indicating strength in Intel's foundry business.
- Intel reported strong Q1 2026 earnings with $13.6 billion in sales, a 7 percent increase from last year, and expects revenue growth in the next quarter.
- Analysts have mixed opinions on Intel's future, with a general rating of Hold and price targets ranging from $83 to $200.
Intel stock has managed to stop its recent losses and is showing positive performance today. On May 11, the stock showed a very strong surge and touched its all-time high level of $129.45, but this increase was only short-lived, and then the stock fell back . At the time we are writing this article, the stock is trading at around $110.27, showing more than 11 percent increase on the day.
However, the reason for this strong rise was the major new deal with Google (Alphabet). Google has given Intel a very large order in which Google wants Intel to help with the packaging of its own chip, called the TPU, whose total quantity is three million.
This large order clearly shows that Intel’s chip factory business, known as the foundry, is becoming very strong. In addition, at the big event called Computex, which took place earlier this month, Intel’s CEO showcased new AI products and new powerful Xeon processors, which gave investors a lot of confidence that the company is improving its innovation and technology very well.
In addition, they also showed their partnerships with Foxconn, Cadence, Ericsson, Hitachi, and Siemens, among other big companies. As we know, many customers currently want Intel’s AI chips and server chips, but right now the demand for their products is so high that sometimes Intel is not able to supply chips to everyone.
Company reports strong sales growth
On April 23, the company released its Q1 2026 earnings report, which shows that the company made $13.6 billion in sales, which is almost 7 percent higher compared to last year. Its data center and AI business recorded strong sales with significant growth of 22 percent. Its profit per share was also very strong on a non-GAAP basis. For the next quarter, the company expects revenue between $13.8 billion and $14.8 billion. Now, the good thing is that with such strong data, the market was very impressed because it met high expectations, and the stock has continued rising.
Intel keeps making new products
Intel stock is also launching new products in Wi-Fi, broadband, and networking. These new products can further help the company grow. Recently, they have highlighted progress toward Wi-Fi 8 solutions. The job of these chips is to give you faster and smarter home and business internet.
In addition to this, the company has also introduced advancements in high-speed connectivity solutions. All these things keep this company ahead of other companies in the market competition.
Experts mixed on Intel future
Considering all the situations, most analysts have an overall rating of Hold. This means they say the stock is stable right now, but it is not expected to rise very quickly. Some analysts believe there is growth in the stock, but the price is currently high. The average price target is roughly between $83 and $98. The highest price targets some analysts have given are up to $150 or $200. These are the people who are very confident in Intel’s AI, foundry business, and big deals like Google.
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