Intel (INTC) Stock: Shares Lead S&P 500 Gainers, What’s Going On?
Intel stock surged 8% Tuesday to lead S&P 500 gainers as the semiconductor sector rallied on hopes of U.S.-China trade restrictions easing. Despite the CFO’s statement that preliminary production volumes for new 18A and 14A manufacturing innovations would be ‘insignificant,’ Intel’s foundry service isn’t expected to break even until 2027 per management forecasts, with the stock down 30% over the past year. The stock closed above both the 50-day and 200-day moving averages on the highest volume since April, indicating strong buying conviction.
Key resistance levels to watch are $23, $26, and $33, with significant support at the $19 level. Intel stock’s 8% jump on Tuesday afternoon led gains on the S&P 500 as semiconductor stocks rallied sector-wide. The company aims to leverage the thriving AI chip market where it has been trailing competitors.
Despite the recent gains, Intel stock has only risen about 10% in 2025. The VanEck Semiconductor ETF also saw a 1.96% increase on Tuesday, closing at $261.99 as the entire sector joined in the rally.