🟢 Intel is trading 3.5% up in pre-market after foundry partnership optimism

INTC is trading at $50.53, up 3.5% in pre-market, following renewed talk of potential foundry work with major customers like Apple and Nvidia.

• The rally signals investor optimism about Intel's manufacturing-as-a-service strategy and long-term turnaround prospects.
• Near-term headwinds persist, as management guided for lower Q1 revenue than expected and projected break-even adjusted earnings.
• CEO Lip-Bai acknowledged struggles meeting demand for some server products, though the stock has gained significantly over the past week despite these execution challenges.