Intel Corporation's stock (INTC) climbed nearly 6% in Thursday's premarket session, buoyed by strong financial results and optimistic guidance from memory-chip maker Micron Technology, which lifted sentiment across the artificial intelligence semiconductor sector. The positive momentum was further supported by fresh analyst coverage from a major investment bank.
Adding to the bullish sentiment, Goldman Sachs initiated coverage of Intel on Thursday with a Neutral rating and a $150 price forecast. This new analysis, combined with the positive spillover from Micron's success, contributed to heightened investor interest in the chipmaker as it approaches its own quarterly results expected in July.