INTC jumps on 18A chip rollout as a $50 target re-enters view
New York, January 7, 2026, 15:29 EST — Regular session
- Intel shares rise about 6% in afternoon trade, bucking a weaker semiconductor ETF tape.
- The rally follows Intel’s CES launch of Core Ultra Series 3, its first consumer chips built on the 18A manufacturing node.
- Melius Research turned bullish with a $50 target, but broader target averages cited in data feeds sit below the current share price.
Intel shares jumped 6.3% to $42.56 in afternoon trading on Wednesday, outpacing a slide in chip ETFs, as investors leaned into the company’s CES pitch that its new 18A manufacturing push is ready for prime time. The iShares Semiconductor ETF fell 1.2% and VanEck’s chip ETF slipped 0.7%, while the Nasdaq 100 ETF…
