Why Intel Stock Cruised to a 3% Gain Today

A new chipmaking rival might be arriving on the scene before long, but that only bolstered sentiment on one of the sector's top incumbents on Friday. Investors flocked to Intel (INTC 3.02%) stock on the news, pushing its share price 3% higher. That performance notably exceeded the gain of the S&P 500 index, which despite a generally good day for stocks didn't come close, with its 1.2% rise.A new kid on the chip blockThat morning, Bloomberg reported that Sam Altman, CEO of privately held tech darling OpenAI, ...