Intel surges 12% as CPU stocks rally. Here's what's driving the move

Intel jumped more than 13% to around $123 a share on Monday as a broader rally in the semiconductor sector shifted toward CPUs, with the Nasdaq Composite up about 2% and the S&P 500 up 1.3% at the start of the week. Oil prices fell, taking pressure off energy stocks, with WTI down more than 5% near $95 and Brent off about 4% just below $100. The day’s pattern highlighted CPU demand: AMD rose 9% toward the $1 trillion market-cap threshold, Arm Holdings gained over 15%, and Qualcomm climbed more than 8%. Meanwhile, Nvidia and Broadcom were up modestly.