INTC is trading at $50.32 (+3.28%), extending gains amid a broader market recovery fueled by eased China chip ban fears and strong AI sector earnings momentum.
- The upward movement is supported by recent analyst upgrades and continued progress on the 18A node technology, despite no INTC-specific news today.
- Pre-earnings momentum is building ahead of the Q4 report scheduled for January 22.
- Shares are currently trading near 52-week highs, surpassing the previous high of $49.78.