Why Intel (INTC) Stock Is Up 4% in Premarket Today
TLDR
- Intel stock rose more than 4% in Tuesday premarket trading, adding to a 4% gain from the previous session
- Intel Foundry and ASML confirmed over 1 million wafers processed using High-NA EUV technology
- The technology is being used on Intelโs 18A process for Panther Lake processors and is meeting performance targets
- President Trump boosted attention on the stock by featuring Intel in an AI-generated Truth Social post
- Wall Street holds a consensus Hold rating with an average price target of $116.16, implying 21% upside
Intel stock was trading up more than 4% in Tuesday premarket at around $98.95, building on a 4% gain from the prior session. The stock has now climbed more than 10% over three sessions.
The move comes after Intel Foundry and ASML announced a milestone in High-NA Extreme Ultraviolet lithography. Intel said it has now processed more than one million wafers using the technology across testing, R&D, and volume production.
High-NA EUV is a next-generation chipmaking technique designed to handle more complex processors and AI chips. Intel is using it on select layers of its 18A process, which powers Panther Lake processors.
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