Intel shares rose 5% on June 11, 2026. The stock reached a price of $112.90. Bank of America upgraded the company to a Buy rating.
Google placed a major order for Tensor Processing Units (TPUs) with Intel. Nvidia expressed interest in utilizing Intel’s advanced manufacturing processes.
These developments validate Intel's foundry strategy as a viable alternative to TSMC in the AI chip supply chain. The upgrade reflects analyst confidence in Intel's strategic direction and future performance.