Intel Corp.
(NASDAQ:INTC) stock gained in Tuesday's premarket trading as investors reacted to fresh reports linking the company to future AI chip demand and potential manufacturing work for major technology customers.
Intel Gains On AI Manufacturing Chatter Intel traded more than 2% higher before the bell as major indexes also moved up, with the Russell 2000 rising 0.93%, the Nasdaq gaining 0.88%, the S&P 500 adding 0.46%, and the Dow up 0.25%.
The iShares PHLX SOX Semiconductor Sector Index Fund (NASDAQ:SOXX) also gained almost 3%.
The move followed reports that Alphabet Inc.'s (NASDAQ:GOOGL) Google placed an order with Intel for more than 3 million AI chips for 2028, while NVIDIA Corp.
