Intel Corporation (NASDAQ: INTC) was trading at approximately $119.99 on Friday, May 22, within a session range of $118.09 to $122.78 in volume of 68.31 million shares, well below the 151.21 million daily average.

The stock has been one of the most striking performers of 2026, having surged from a 52-week low of $18.97 to its current level, a gain of over 530% from the annual trough.

Analysis published this week highlighted that Intel has more than doubled AMD’s gains on a year-to-date basis in 2026, a remarkable reversal of the competitive narrative that dominated much of 2024 and 2025.

The primary macro driver of Intel’s revival has been substantial government support, with the company having received an…