Intel Stock Jumps on Reports of Google and Nvidia Foundry Interest

Intel shares rose sharply on Monday after reports said Google and Nvidia are considering or moving toward using Intel as a backup chip manufacturer. One report said Google may place a large order with Intel for semiconductor chips, while another said Nvidia and Tesla may also be looking at Intel for future partnerships.

The stock gained nearly 10% to 12% in early trading as investors reacted to the possibility of new foundry business for Intel. The reports also said Intel is being viewed as an alternative manufacturing option to TSMC. Traders were watching whether the stock could move above its 20-day moving average and break past $115.

Intel stock rose because of reports that Google and Nvidia may use Intel as a chip manufacturer or backup supplier.

Foundry business means making semiconductors for other companies.

No. The reports said the companies are considering or reportedly signing on, but the information was not presented as a final confirmed deal.

Some traders were watching whether the stock could move above $115, which could signal stronger short-term momentum.

Finbold

Intel (NASDAQ: INTC) stock rose nearly 10% on Monday, June 8, following reports that Google (NASDAQ: GOOGL) and Nvidia (NASDAQ: NVDA) are considering the company as a backup processor manufacturer.

24/7 Wall Street

Shares of Intel (NASDAQ:INTC | INTC Price Prediction) are up 12% in early Monday trading, climbing to $111.

The Motley Fool

The Information reports that Google will place a big order with Intel for semiconductor chips. Nvidia and Tesla may also soon partner with Intel.

Invezz

Intel (INTC) shares are pushing higher on Monday after The Information said Google and Nvidia are turning to the semiconductor firm as a vital manufacturing backup to TSMC. INTC now looks headed to challenge is 20-day moving average (MA), with a decisive break above $115 expected to accelerate bulli...

Investors Business Daily

Intel stock jumped on a news report that Alphabet unit Google has signed on as a customer for Intel's chip foundry.

Invezz

Nvidia shares rose on Monday as investors returned to semiconductor and large-cap technology stocks, while the company unveiled a series of new artificial intelligence partnerships in South Korea. Shares of Nvidia climbed nearly 2%.

Market Watch

Intel has been racking up deals in the Big Tech universe, and the company may be adding two more high-profile customers to its roster.

The Motley Fool

Alphabet's Google recently placed a large order with Intel, as AI-relateds spending keeps accelerating. The order is a sign that technology providers, like Taiwan Semiconductor, are struggling to keep up with end-market demand.

Seeking Alpha

Intel (INTC) surges as Google and Nvidia consider it for advanced AI chip manufacturing, with Google reportedly ordering over 3M TPUs for 2028. Corning (GLW) rallies on a multiyear fiber-optic deal with Amazon to support U.S. datacenter growth and supply chain resilience.

Investopedia

Is Intel's stock ready to resume its winning streak?

Benzinga

Alphabet Inc (NASDAQ:GOOG) shares are falling Monday. The company has an aggressive plan to raise new capital and ramp spending on artificial intelligence infrastructure.

24/7 Wall Street

Wall Street can't stop talking about Intel (NASDAQ:INTC | INTC Price Prediction), the once-faded chipmaker now sporting a 168.75% year-to-date rally on the back of an NVIDIA $5 billion equity injection, a U.S.

The Motley Fool

Expand NASDAQ: INTC Intel Today's Change (11.19%) $11.10 Current Price $110.27 Key Data Points Market Cap $498B Day's Range $106.66 - $112.54 52wk Range $18.96 - $132.75 Volume 136.1M Avg Vol 122.9M Gross Margin 35.90% Intel (INTC +11.19%), which designs and manufactures semiconductor products, incl...

The Motley Fool

Alphabet is a major competitor in this space. IonQ has market-leading technology.

Zacks Investment Research

Alphabet Inc. (GOOG) reached $361.17 at the closing of the latest trading day, reflecting a -1.25% change compared to its last close.

Zacks Investment Research

Alphabet (GOOGL) closed at $363 in the latest trading session, marking a -1.5% move from the prior day.

The Motley Fool

Nvidia seems to have made a solid start in the central processing unit (CPU) market. The company anticipates strong revenue from sales of its server CPUs this year and has announced that it is moving into the client CPU market as well.

The Motley Fool

Nvidia has been the undisputed early winner of the AI revolution, fueling the company's $5 trillion market cap. However, Alphabet's four-pronged AI strategy is beginning to pay off, with the stock up over 100% over the past year.

Barrons

Intel stock was rising as it announced a deal to accelerate its chip-manufacturing revival.

Finbold

Intel (NASDAQ: INTC) has become one of the market's strongest comeback stories in 2026, with investors increasingly betting the chipmaker can establish itself as a major player in the artificial intelligence infrastructure boom.

Finbold

After soaring 106.32% from $176.09 in June 2025 to $363.31 at the latest close, Google (NASDAQ: GOOGL) stock is now expected to rise another 30.74% by the summer of 2027, per a note issued by TD Cowen's John Blackledge on Tuesday morning.

24/7 Wall Street

Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) is running one of the most aggressive AI infrastructure buildouts in corporate history.

Finbold

Seeking Alpha

In 1Q26, Intel's revenue grew by 7.18% due to strength in the company's DCAI and foundry segments; client computing group remains flat, up only 1% y/y. Intel's DCAI segment will remain as the company's main growth engine due to agentic artificial intelligence and higher demand for more inferences, r...

FXEmpire

The semiconductor index hit its upside target near 14,000, then dropped sharply. We expect a corrective fourth wave to around $10,000 before a rally toward 15,000.

The Motley Fool

Intel's 2026 rally is backed by real improvement in financial and operational metrics. The increasing demand for Xeon CPUs in AI data centers could be a key growth catalyst for Intel.

The Motley Fool

Nvidia and Broadcom have long-term relationships to provide chips to Alphabet. TSMC has about 70% of the foundry chip market.

Finbold

One of the top semiconductor stocks of 2026, Intel (NASDAQ: INTC), has received multiple new and almost universally moderately bearish 12-month price target updates since June 1.

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