The Economic Times

Intel stock skyrockets 8%: Can AMD stock keep pace amid AI chip surge and $14.2 billion fab deal?

Intel stock jumped 8% to $47.50 on Wednesday. AMD stock gained 3% near $209 as AI chip demand surged. Intel announced a $14.2 billion repurchase of its Ireland fab stake. This strengthens its balance sheet and backs the 18A process node launch. AMD benefits from enterprise AI deals, including Upstage exploring a 10,000-chip purchase. CPU prices rose 10%15% driven by AI supply constraints. Investors favor company-specific catalysts over sector-wide caution. Intel focuses on manufacturing credibility and AI-ready CPUs. AMD scales AI data center growth. The chip sector shows strong momentum, offering investors distinct growth opportunities.