Intel Corporation (INTC) is giving investors a reason to take a fresh look at its turnaround story. After years of losing ground to rivals, the chipmaker has staged a triple-digit rally over the past year and into 2026, as investors grow increasingly confident in CEO Lip-Bu Tan’s efforts to put Intel back on a stronger footing. And the latest developments have only added fuel to that optimism. Intel raised $23 billion last week through a share sale to investors, a move that GF Securities said could point to progress in the company’s all-important foundry business and potentially an expanding customer base.
For a company that has made rebuilding its manufacturing edge a key part of its comeback strategy, that could be an important sign. And now, Lip-Bu Tan is putting some of his own money behind the turnaround. According to a filing with the Securities and Exchange Commission, Intel’s CEO purchased about 105,623 shares at $95 per share on Aug. 11. The fact that Tan also participated in Intel’s latest capital raise makes the purchase even more notable, potentially signaling that he sees further room for the stock to climb.