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Intel's stock more than doubles in April for best month in chipmaker's 55 years on Nasdaq

CNBC·Katie Tarasov·about 1 month ago
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Intel's CEO Lip-Bu Tan speaks at the company's Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel is on a winning streak unlike any since it became one of the first companies to go public on the Nasdaq nearly 55 years ago. The chipmaker's stock soared 114% in April, closing out its best month on record. It's been an extended rally for Intel, which has enjoyed two of its best days ever in the last seven months, including a 24% jump on April 24, following a blowout earnings report. The stock rose to a record that day for the first time since 2000, and then continued to rise. Intel is in the midst of a turnaround after years of delayed launches and disappointing yields that saw it fall far behind manufacturing leader Taiwan Semiconductor and chipmaker Nvidia in the race to power artificial intelligence.…

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