Intel (INTC) stock closed the May 11 trading session at $129.44. That means it has gained 93.8% since April 23, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up about 4.3% in the same period.
Why is Intel outpacing the S&P 500 so much, and why that specific period? The company reported Q1 earnings on April 23 and beat expectations, leading the stock to surpass its dot-com bubble record price.
The expectations weren’t high, and fundamental problems with the business persist. The AI boom-driven sentiment is based on hypotheticals, not on strong, profitable business at the moment, as evidenced by the reported net loss of $4.3 billion.
