<div id="readability-page-1">Intel Corp (NASDAQ:INTC) stock is surging to three-year highs today, up 11% at $53.88 at last glance, as investors grow optimistic regarding the company's fourth-quarter report, due out after the close tomorrow. Data center building is boosting chip demand, while CEO Lip-Bu Tan's turnaround efforts could begin to yield results. Today's pop comes one day after Intel stock received upgrades from Seaport Research and HSBC, while Bernstein lifted its price target by $1 to $36 this morning. On the charts, INTC has been rallying since late December, already up 44.2% since the start of 2026. Options traders are targeting Intel at triple the intraday average pace this morning, with 387,000 calls and 163,000 puts exchanged so far -- three times the amount typically seen at this point. The April 65 call is the most popular, followed by the 70 call in the same series, with new positions being bought to open at both. </div>

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

In the AI era, can Intel win a comeback?

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Intel Corp's stock has surged to a three-year high, rising 11% to $53.88 as investors anticipate a strong fourth-quarter earnings report. The increase is attributed to heightened chip demand from data center construction and positive expectations from CEO Lip-Bu Tan's turnaround efforts. Recent upgrades from Seaport Research and HSBC, along with Bernstein raising its price target, have contributed to the stock's rally, which has seen a 44.2% increase since early 2026. Options trading is also active, with calls significantly outpacing puts.

- Intel Corp (NASDAQ: INTC) stock has surged to a three-year high, rising 11% to $53.88 as investors anticipate a positive fourth-quarter report.  
- The demand for chips is driven by data center building, and CEO Lip-Bu Tan's efforts may be starting to yield results, alongside recent stock upgrades.  
- Options trading activity is significantly higher than average, with 387,000 calls and 163,000 puts exchanged, indicating strong investor interest.

Intel Stock Hits 3-Year High Ahead of Earnings