Intel Corp (NASDAQ:INTC) stock gained by almost 2% during Monday’s premarket session as risk appetite firms up across equities. Nasdaq futures are up 1.28% while S&P 500 futures have gained 0.79%.
The broader rally comes as investors continue to assess which semiconductor companies are best positioned to benefit from the multiyear AI infrastructure spending boom. While NVIDIA Corp. (NASDAQ:NVDA) remains the dominant AI chip supplier, analysts say Intel is beginning to carve out a larger role in the buildout.
