Intel stock surged over 10% on Monday in a session where most of the market was bleeding out. The S&P 500 fell 2.6%, the Nasdaq dropped 4.2%, and semiconductor peers struggled to hold ground. Yet Intel opened at $111 and held firm near $109, defying gravity. The reason was a single, credible report from The Information : Google had placed a real order with Intel to manufacture more than 3 million TPU chips, and Nvidia was actively testing Intel's most advanced chip process.
For a company that spent years fighting for credibility in the foundry space, this was more than a headline. It was a signal that Intel's long and painful turnaround may finally be finding solid ground.
