Intel Stock Is Soaring: Why a $150 Price Target Could Be Within Reach in 2026

Intel stock is soaring as investors embrace improving foundry fundamentals and rising AI-driven demand. The shares have climbed about 191% over the last three months and roughly 510% in the past year, reflecting optimism about the company’s turnaround. A potential Apple partnership rumored to involve design and manufacture of chips in the United States has further boosted upside, though details remain vague. If confirmed, such a deal would mark a milestone for Intel Foundry and signal growing confidence in its manufacturing capabilities.

Intel's foundry revenue rose to $5.4 billion in the first quarter, up 20% sequentially, while external foundry revenue reached $174 million; losses narrowed but remain a hurdle. The company is pursuing a two-pronged strategy: expanding AI initiatives and growing a contract manufacturing business that could diversify revenue beyond its own chip sales. Partnerships with Nvidia and the Terafab initiative illustrate Intel’s push to become central to next-generation AI and data-center infra, even as investors await more details on profitability and timing of profitability across the foundry segment.