Intel Corporation (NASDAQ: INTC) shares jumped more than 9% on Tuesday, September 8, 2026, closing above $104, after Wall Street firm Northland Securities upgraded the stock and reports emerged that Intel plans to raise processor prices—reinforcing confidence in CEO Lip-Bu Tan’s turnaround strategy.
Northland Securities lifted its rating on Intel, citing improving fundamentals and margin prospects, sending shares higher in premarket trading before the rally accelerated through the session.
The upgrade coincided with a supply-chain report indicating Intel intends to raise PC processor prices by roughly 10% starting in early October.
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Rather than spooking investors with demand concerns, the news was read as a sign Tan is prioritizing profitability over market share—part of a broader restructuring effort that has included cutting weaker product lines since late 2025.
The average Wall Street price target on Intel has also climbed sharply, rising to around $115 from $105 in recent weeks as analysts turn more constructive on the chipmaker’s recovery, according to Simply Wall Street data.
Adding further support, Intel and ASML jointly announced that High-NA EUV lithography has entered high-volume manufacturing, now being used on select layers of Intel’s 18A-based “Panther Lake” chips—a milestone in its advanced manufacturing progress. Intel also noted that server CPU demand currently exceeds supply, with second-quarter server chip prices up 48% year-over-year.
Sentiment got an extra boost from President Trump, who posted an AI-generated image on Truth Social touting Intel’s rebound from roughly $20 to $95 a share, a reminder that the U.S. government holds a 9.9% stake in the company.
Despite the rally, Intel’s x86 market share recently fell below 70%—its lowest since 1995—and foundry losses persist, leaving execution risk in focus.
