Intel is trading 4.7% up at $20.52 as semiconductor stocks recover from last week’s sharp selloff and investors position themselves ahead of the company's July 23 earnings report.
- Sentiment is bolstered by the recently announced deployment of Google’s Gemini Enterprise AI to accelerate chip development, underscoring the company's AI strategy.
- The stock is attracting bargain hunters following a recent sector-driven decline, with market participants showing renewed optimism in the lead-up to quarterly results.