The Intel Stock Gained Attention at the Beginning of the Week on Wall Street, Leading the Dow Jones on Monday with a 6.15 Percent Increase to $33.99. In Tuesday Trading on NASDAQ, the Share of the US Semiconductor Company Rose Further by 1.77 Percent to $34.59.

The sudden surge in stock price came after positive analyst comments regarding Intel's upcoming Lunar Lake chip. This chip, which is set to be integrated into AI laptops, promises to propel Intel back to the forefront in the competition for high-performance AI technologies. The Lunar Lake chip is expected to be up to 30 percent more power-efficient and deliver 40 percent higher performance compared to comparable chips from QUALCOMM. The market launch is anticipated in the second half of 2024.

The stock performance of Intel this year has been disappointing so far. While competitors like NVIDIA and AMD recorded strong gains, Intel's stock has lost almost one-third of its value to date. The main reason for this underperformance is the weak business figures of the US company. In the first quarter of 2024, Intel reported a loss of 400 million US dollars on a revenue of 12.7 billion dollars, which represents an increase of nine percent compared to the previous year. Nevertheless, the revenue forecast for the second quarter (12.5 to 13.5 billion US dollars) was disappointing.

Analyst Ben Reitzes from Melius Research expressed enthusiasm about Intel's new chip plans and sees great potential for the company in the second half of the year. He predicts that both Intel and AMD with their new chips will experience a significant upswing by the fourth quarter. The portfolio managers of the fund Clearbridge Large Cap Value Strategy also share this positive view. They see Intel as one of the stocks with potential for a turnaround in the second half of the year.

Here is the translation of the heading to English:

"In recent days, Intel's stock has been steadily rising and with yesterday's price increase, it exited the sideways trend that had persisted since the end of April. If the stock surpasses the resistance line at $35.21, it could trigger a new buy signal and the stock could rise to up to $41.50, according to 'DER AKTIONÄR'.

Intel's first construction measures for the new chip factory in Magdeburg were recently approved, which also contributed to the positive mood. The new Lunar Lake chip aims to help close the gap with competitors like NVIDIA in the field of AI technologies and strengthen Intel's market position.