What Sent Intel Stock Higher?
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Intel (INTC) stock rose 5.5% on Monday, November 9, 2026, while the S&P 500 gained 2.3%. There was no announcement, earnings report or filing from the company. The gain came as technology stocks rebounded on Wall Street after a steep sell-off the week before, a week in which Intel fell 10.3% on November 5 alone. Intel had already gained 7.7% on November 6.
Where Intel’s Revenue Comes From
Intel’s data center business sells server CPUs used for AI computing. Data center revenue was $7.3 billion in the third quarter of fiscal 2026, nearly 80% more than a year earlier. On the October 29 call, management said Intel is growing supply to capture the strong demand for AI compute. That business brought in about 44% of Intel’s $16.5 billion revenue for the quarter.
Intel’s PC chip business tells a different story. It is the larger of the two segments with $8.1 billion of revenue, but it shrank 9% from the second quarter. Management pointed to higher memory prices and limited IT budgets.
Was Monday’s Gain Intel’s Alone?
No. Four of the five companies on Intel’s Trefis peer list rose during the same session, with Advanced Micro Devices up 13.3%. NVIDIA was the exception, falling 4.3%. The SPDR technology sector fund, XLK, rose 3.7%, so Intel gained more than its sector and the S&P 500, though less than Advanced Micro Devices. Broadcom, up 8.8%, and Micron Technology, up 6.3%, also rose more than Intel. The Nasdaq Composite rose 2.7%, and Asian technology stocks rallied the next day, tracking the rebound on Wall Street. Intel moved with its group on Monday, not on its own.
Where Does Intel Stock Stand After A Hard Month?
Intel stock remains far below its summer high. A one-day rise like Monday’s is common for it. In the prior year the stock rose at least this much in 31 sessions, most recently with a 7.7% gain on November 6.
Over 12 months, Intel stock returned 59.4%, against 13.7% for the S&P 500. The shares recorded their highest close of the past year at $140.94 on June 22, 2026, and their lowest at $33.62 on November 20, 2025. Monday’s close of $59.37 sits much nearer the low following a 43.3% fall over the past month, against a 3.3% fall for the S&P 500.
At Monday’s close, Intel traded at 5.2 times its sales over the past twelve months, against 3.1 times for the S&P 500. Intel is expected to report its fourth-quarter fiscal 2026 results in January 2027, and data center revenue is the measure to watch: management expects the shutdown of its Israel factory to cost about $300 million of sales in the quarter, almost all of it from server chips. On the call, management said an accident had led to an extended shutdown of that factory.
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