Intel (INTC) Stock Jumps Pre-Market Ahead of Monday CES Panther Lake Launch

TLDR

• Intel stock closed up 6.7% at $39.38 on Friday, riding a broad chip sector rally to start 2026
• The company will launch its Panther Lake processors at CES on Monday evening at 6 p.m. ET
• Nvidia recently bought a $5 billion stake in Intel, giving it roughly 4% ownership
• Intel’s 18A manufacturing process is drawing attention as potentially competitive with TSMC and Samsung
• Next earnings report scheduled for January 29 will provide updates on foundry progress and 2026 guidance

Intel stock closed Friday’s session at $39.38, up 6.7% as semiconductor stocks rebounded to kick off 2026. The move puts shares just below the $40 level ahead of a critical product launch at CES in Las Vegas.

Intel Corporation, INTC

The Philadelphia SE Semiconductor index gained 4% on Friday. The S&P 500 hit a record close. Nvidia rose 1.2% while AMD climbed 4.3%, keeping pressure on Intel to deliver at next week’s event.

Intel will livestream its CES launch Monday at 6 p.m. ET to debut Core Ultra Series 3 processors. These chips carry the Panther Lake codename. They represent the first mass-production run of Intel’s 18A manufacturing process.

The 18A node uses gate-all-around transistors and backside power delivery. Power routing moves to the back of the chip die. The technical shift aims to boost efficiency and performance while helping Intel compete with TSMC and Samsung.

Nvidia’s recent $5 billion private stock purchase added fuel to Intel’s rally. The investment gives Nvidia roughly 4% ownership. The deal marks a rare strategic partnership between two major chip players.

Manufacturing Push

Intel has begun mass production of chips in Arizona. The company plans to ramp up capacity there through 2026. The expansion targets AI and data center demand if execution stays on track.

Trading volume reflected renewed interest in the sector. Premarket activity at the start of 2026 showed around 1.6 million shares changing hands. Prices held near the high $30s with steady demand.

Charles Schwab’s Joe Mazzola described Friday’s action as “buy the dip, sell the rip.” Traders bought pullbacks and took profits into rallies. The short-term approach reflects caution about holding positions through upcoming catalysts.

The company forecast fourth-quarter revenue of $12.8 billion to $13.8 billion in its last earnings release. Intel projected adjusted earnings of 8 cents per share. The outlook excludes Altera after the majority stake sale.

Economic Data Ahead

Key economic reports arrive this week alongside CES news. Job openings data releases January 7. The December employment report comes January 9. The CPI inflation report hits January 13.

Chip stocks move with interest rate expectations. Stronger data could push yields higher. Rising yields might pressure tech valuations and erase Friday’s gains.

Analysts set consensus price targets around the low $40s for the next 12 months. Zacks rates Intel as a “Hold” with earnings estimates revised down over the past year. The rating reflects concerns about limited upside after the 2025 rally.

Recent analyst commentary points to export controls and margin pressure. Customer inventories remain elevated. These factors could weigh on profitability even as the product roadmap improves.

Intel shares traded between $37.41 and $39.86 on Friday. The range shows volatility remains high around catalyst events. Monday’s CES presentation will test whether buyers can push the stock through $40.

The next earnings report lands January 29, 2026. Investors will focus on 18A yield data and foundry customer wins. Updated 2026 guidance will determine whether the stock can extend gains or faces another pullback.

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