Intel extends comeback as investors bet on foundry growth

(Bloomberg) — Intel Corp.’s (INTC) dramatic rally to start the year shows investors are increasingly optimistic about the chipmaker gaining new foundry customers, putting it back into the artificial intelligence trade it appeared to abandon in 2024. The stock is up 31% to start 2026, the third-best performance in the S&P 500 Index. After an 84% rally in 2025, the shares are near their highest level in two years, recovering from a 60% drop in 2024 when Intel appeared to be falling behind its rivals who wer ...