Intel shares surged 13.13% to $92.63 on Thursday, snapping a six-session losing streak that had wiped out 22.35% of the stock's value. Despite the rebound, the chipmaker remains sharply higher year to date, up 141.87% versus a 6.88% gain for the S&P 500. Intel also announced that its foundry business completed the RAMP-C program, enabling it to manufacture advanced chips for the U.S. defense industry through the Secure Enclave initiative. Separately, Reuters reported that Intel granted startup RosaicLabs access to its Atom processor technology, a rare licensing move for the company's x86 architecture. While some Seeking Alpha analysts maintained Buy ratings, the broader Wall Street consensus and Seeking Alpha's analyst consensus remain at Hold, though Seeking Alpha's Quant Rating gives Intel a Strong Buy with a score of 4.99 out of 5.
Intel CorporationFoundry business completed RAMP-C program, enabling advanced chip manufacturing for U.S. defense industry.
Granted access to Intel's Atom processor technology, a rare licensing move for x86 architecture.