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Intel shares jump 28% to record high as AI demand and Nvidia push valuation to new heights
Economy
Published on 24 April 2026
An $8.9 billion stake reportedly turned into $36 billion
Intel stock surged nearly 28% in a single session, pushing the company above $80 to record highs. The move reflects explosive AI-driven demand, reinforced by strong Nvidia support. A stake said to have been entered near $20 per share in August 2025 is now worth about $36 billion, alongside Intel expanding AI chip production and foundry services tied to U.S. supply-chain priorities.
- Intel jumped nearly 28% in one session to record highs above $80
- A reported $8.9 billion stake could be worth about $36 billion now
- AI demand and Nvidia backing are fueling the rally
- Intel is expanding AI chips and foundry services to match supply-chain strategy
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times