This article first appeared on GuruFocus.
Intel (NASDAQ:INTC) shares extended a remarkable rally on Monday, climbing for a ninth consecutive session in what shapes up as the chipmaker’s longest winning streak in decades.
The stock has surged roughly 4% on Monday and 55% over the course of the advance, a run not matched in duration since May 2005. The upward momentum follows a flurry of developments tied to Intel’s role in artificial intelligence infrastructure.
Intel said it would broaden an existing relationship with Google, which plans to deploy Intel’s latest Xeon 6 processors for AI training and inference tasks. The company also confirmed participation in Elon Musk’s Terafab initiative, a Texas-based complex aimed at fabricating custom silicon for ventures including SpaceX and Tesla.
Earlier this month, Intel repurchased the minority interest in its Ireland fabrication facility for about $14.2 billion, a transaction that analysts viewed as a sign of improved financial footing. Intel designs and produces its own semiconductors, distinguishing it from rivals that rely on third-party manufacturing.
The recent gains have pushed Intel shares sharply higher for April. Industry observers note that central processing units may be regaining prominence as agentic AI applications place new demands on computing architecture.
