Intel Stock Climbs as Ohio Bet Revives Hopes

Intel ( (INTC) ) has risen by 7.36%. Read on to learn why.

Intel shares climbed 7.36% over the past week as investors weighed a mix of company‑specific headlines and the broader momentum behind its turnaround story. Sentiment was briefly dented when Apple officially labeled older Macs using Intel chips as “vintage and obsolete,” a symbolic reminder of how far Apple has moved away from Intel silicon. However, the change mainly affects repair eligibility rather than ongoing software support, so the direct financial impact on Intel is limited and did not derail the week’s overall gain.

More significant for the stock narrative was fresh clarity around Intel’s long-delayed Ohio One manufacturing project. After speculation that the multibillion‑dollar facility might be shelved, Intel reaffirmed its commitment, setting a new completion timeline for 2031 and refilling key leadership roles that had recently been vacated. While the extended schedule underscores execution risk, it also reassures investors that Intel is still pushing ahead with its strategy to rebuild U.S. chip manufacturing capacity and compete more aggressively with foundry rivals over the long term.

Corporate drama around a former TSMC employee whom Intel planned to rehire, and who was later found with sensitive TSMC materials, added intrigue but did not scare off shareholders; the stock even rose on that news, suggesting investors see limited legal or strategic fallout for Intel at this point. Wall Street remains cautious, with a Hold consensus and only modest upside implied by average analyst price targets after a powerful run over the past year. Still, the combination of a solid weekly gain, confirmation that key expansion projects remain alive, and ongoing optimism about Intel’s next‑generation chip launches has kept buyers engaged, even as risks like rising memory costs and execution delays linger in the background.