Intel Stock Rises 56% Over Nine-Day Streak Following Partnerships

Intel's stock was on track for a ninth consecutive day of gains on Monday, with shares up approximately 56% over that period. This marks the company's longest such streak since at least the 1970s. The previous nine-day winning run occurred in September 2023, while a longer 13-day streak took place in May 2005.

Several announcements and partnerships contributed to the stock's performance. Last week, Intel expanded its partnership with Google. Under the agreement, Google will use Intel's Xeon 6 central processing units for artificial intelligence training and inference workloads.

Intel also announced its involvement in the Terafab project led by Elon Musk last week. The project involves an advanced AI chip complex in Austin, Texas, announced by Musk last month. The facility aims to design and manufacture custom chips for SpaceX, xAI, and Tesla.

On Tuesday, Intel posted a photo of its CEO and Musk together. The company wrote about its ability to design, fabricate, and package ultra-high-performance chips at scale to help accelerate Terafab's aim to produce 1 TW/year of compute to power future advances in AI and robotics.

The chipmaker also repurchased the remaining shares of its Ireland chip fab earlier this month. The $14.2 billion purchase showed renewed strength compared to its balance sheet when it sold the 49% share in 2024.

Position Intel and Advanced Micro Devices lead the CPU industry.

Central processing units are experiencing increased demand due to the growth of agentic artificial intelligence. Unlike AMD and Nvidia, which outsource their silicon manufacturing, Intel designs and manufactures its own chips. The government bought a 10% stake in Intel, as the only company that can make advanced chips domestically.

One month later, Nvidia announced a $5 billion investment and technology collaboration with the company.