Intel Corp. (NASDAQ:INTC) stock climbed about 4% in premarket trading Monday as a broader technology rally lifted semiconductor stocks ahead of the chipmaker’s Oct.
The gains extend Intel’s 140% rally in 2026 as the company pushes deeper into artificial intelligence and seeks to capitalize on manufacturing constraints at rival Taiwan Semiconductor Manufacturing Co. Ltd.
The company said it successfully tested the model on four GPU D-series cards, each offering 160 GB of memory. Meta’s Muse Spark Open focuses on coding, debugging and automated workflows.
However, the announcement did not disclose customer commitments, expected revenue or a commercial launch date for the GPU D-series. See More: Top Value Stocks Intel To Showcase Edge And Physical AI At Web Summit 2026Separately, Intel will also showcase its edge AI, agentic AI and physical AI technologies at Web Summit 2026 in Lisbon, Portugal, from Nov.
The capacity crunch could encourage companies such as Apple Inc. (NASDAQ:AAPL) and NVIDIA Corp.
Intel Earnings Could Test Turnaround MomentumIntel is scheduled to report third-quarter earnings on Thursday, Oct.
