Intel's stock is on pace for its best quarter in 20 years

Intel Corp.’s INTC, +2.79% stock is up 31.5% during the quarter, which would be its best performance since the third quarter of 2003, according to Dow Jones Market Data. For the year, shares of Intel have soared 77%, while the SPX 500 index SPX, +0.96% has advanced 22%. The fortunes of the chip maker have turned under the leadership of Chief Executive Pat Gelsinger, who has set a goal of achieving technical parity with Intel’s rivals by 2024 and claiming technical leadership by 2025. ...