Intel Corporation is trading 4.27% up at $122.05 in pre-market as investors react to significant milestones in the company's foundry turnaround strategy.
- BofA Securities issued a rare double-upgrade on the stock, moving from Underperform to Buy, citing renewed confidence in the company's manufacturing roadmap.
- The company's advanced 18A-P chip node has officially entered risk production, representing a critical step forward for its foundry business.
- While broader tech sentiment is firmer in pre-market, these company-specific manufacturing headlines remain the primary catalyst for the price action.