What Sent Intel Stock Higher?
π Intel stock rose 5.5% on November 9, 2026, as technology stocks rebounded following a steep sell-off the prior week.
π° Data center revenue reached $7.3 billion in Q3 fiscal 2026, up nearly 80% year-over-year due to strong AI compute demand.
π PC chip business revenue contracted 9% to $8.1 billion in the quarter amid higher memory prices and limited IT budgets.
π An accident caused an extended shutdown of Intel's Israel factory, expected to cost about $300 million in Q4 fiscal 2026 sales.
π Over the last 12 months, Intel shares returned 59.4%, significantly outperforming the S&P 500's 13.7% return.
πΉ At Monday's close, Intel traded at 5.2 times trailing twelve-month sales compared to a 3.1x multiple for the S&P 500.
- Data center revenue surged nearly 80% year-over-year to $7.3 billion in Q3 fiscal 2026, capturing strong demand for AI compute.
- Intel successfully grew supply to meet robust market demand in its high-growth data center segment, which now accounts for 44% of total revenue.
- Over the past 12 months, Intel stock returned 59.4%, significantly outperforming the broader S&P 500 index.
- PC chip business revenue shrank 9% to $8.1 billion in Q3 fiscal 2026 due to higher memory prices and constrained IT budgets.
- An accident led to an extended shutdown of the Israel factory, which is expected to cost approximately $300 million in sales during Q4 fiscal 2026.
- Intel shares have fallen 43.3% over the past month, trading near their yearly low despite a recent sector-wide rebound.