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Why Intel Stock Rocketed Higher on Thursday

A report suggests the semiconductor specialist has inked an important deal.

Why Intel Stock Rocketed Higher on Thursday

Why Intel Stock Rocketed Higher on Thursday

Published June 18, 2026 · Category: Finance

Overview

Shares of Intel (NASDAQ: INTC) climbed sharply higher on Thursday, gaining as much as 11.8%. As of 10:46 p.m. ET, the stock was still up 7.1%.

The catalyst that sent the semiconductor specialist higher was a report that the chipmaker had secured an important deal with a major tech player.

Image source: Getty Images.

Details

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Source

Originally published at www.fool.com.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.