In the space of just a few days, Intel’s share price has outperformed the market and reached an all-time high. In fact, at the time of writing, the share price has reached an all-time high of around $95. The reason behind this performance: renewed interest in the Intel Foundry and soaring demand for processors.
Intel shares at all-time high!
+400% in one year!
Intel’s share price has seriously recovered in recent days. Over the past year, it has risen from a low of $17.67 to around $95. That’s a 400% return on the index – quite a performance. The company’s current market value is $476.21 billion.
A foundry service that’s back in business!
The reason behind this formidable performance is a foundry service that has managed to capture a major customer: Tesla. Yes, Musk is off to sign with the blueprints to produce AI chips at Musk’s Terafab in Austin, Texas.
Otherwise, the company’s recent announcements, notably concerning the reuse of chips to be disposed of, seem to be encouraging stock market prices. The reason is simple: fewer losses = better returns, and therefore more product to market. This is an important factor to bear in mind, as demand for CPUs is on the rise.
With this in mind, IFS(Intel Foundry Service) is announcing an improvement in yields around Intel 3 and Intel 4 processes, as well as the 18A.
Of course, recent financial results are encouraging and are also supporting the rise in the blue’s share price. As a reminder, the company’s best-performing sector is Data Center & AI , with revenues up 22% year-on-year. In contrast, the consumer sector remained stable, with year-on-year growth of just 1%.
