Overview
- Intel introduced Core Ultra Series 3 laptops at CES as its first processors built on the 18A process, with preorders starting January 6 and global retail availability set for January 27.
- Shares surged 6%–9% this week, including a new 52-week high near $44, as investors reacted to the AI PC rollout and strategic support.
- Nvidia completed a $5 billion purchase of 214,776,632 Intel shares at $23.28 on December 29 and the companies agreed to collaborate on chips for PCs and data centers.
- Melius Research upgraded Intel to buy with a $50 price target, citing improving prospects under CEO Lip-Bu Tan and momentum in AI-focused products.
- Executives acknowledged prior Panther Lake yield issues but said yields are improving monthly, with investors also eyeing Intel’s January 22 report on Q4 and full-year 2025.