Intel shares surge 10% ahead of earnings, highest since 2022

Intel shares rose sharply on January 21, 2026, climbing about 10 percent in a single trading session. The move pushed the stock to its highest level since early 2022. The gain came ahead of the company’s upcoming earnings report.

The rise followed renewed investor interest in companies tied to artificial intelligence and data center infrastructure. Intel has been positioning itself to benefit from growing demand for chips used in AI workloads. Traders reacted to expectations that Intel’s results could show progress in its turnaround efforts.

Intel has spent the past several years restructuring parts of its business. The company has focused on cost controls, manufacturing improvements, and product development. Investors have been watching for signs that these efforts are translating into stronger financial performance.

The stock’s advance also came as broader technology shares moved higher. Chipmakers and semiconductor-related companies saw increased buying activity. Market participants have been reassessing valuations across the sector following recent earnings and guidance from industry peers.

Intel’s data center business has been a key area of attention. Demand for processors used in servers and cloud computing has increased as companies expand AI-related infrastructure. Intel supplies central processing units used in many enterprise and cloud systems.

The rally occurred before Intel was scheduled to report quarterly earnings later in the week. Investors were positioning for potential updates on revenue trends, margins, and demand outlook. Any signs of improvement in core businesses have been closely monitored.

Intel shares had underperformed for much of the past two years. Competition from rivals and manufacturing delays had weighed on results. Recent stock gains suggest some investors expect conditions to improve.

Trading volume in Intel shares was higher than average during the session. This indicated strong participation from institutional and retail investors. The stock’s jump outpaced gains in major market indexes.

Despite the rally, Intel continues to face challenges. The company remains in competition with other chipmakers in AI accelerators and advanced manufacturing. Its progress will depend on execution, product performance, and market conditions.

The move in Intel’s stock reflects how sensitive markets have become to developments in the semiconductor industry. Investors are focused on earnings updates, AI demand, and signals about long-term competitiveness.

Intel’s earnings report is expected to provide more detail on recent performance. Market participants will look for information on revenue growth, data center demand, and manufacturing progress. The stock’s recent rise has increased attention ahead of the release.

Source: https://www.cnbc.com/2026/01/21/intels-stock-jumps-10percent-to-highest-since-early-2022-ahead-of-earnings.html