US Stock Market Move | Super bull market narrative ignites Intel Corporation (INTC.US) to rise more than 6% in early trading.

On Wednesday, Intel Corporation (INTC.US) rose more than 6% in early trading, with a year-to-date increase of over 210%, now trading at $114.66. On the news front, Intel Corporation's Chief Financial Officer David Zinsner stated at the Bank of America Corp 2026 Global Technology Conference on June 2: "So, in the short term, everything is about supply. We are pushing forward with chip supply. Over the next period, let's say, a few quarters or so, supply of 3A and 18A will see a meaningful increase in scale. This will improve to meet some of the basic situations we see from a demand perspective." The well-known Wall Street investment firm Melius Research recently raised Intel Corporation's target price from $100 to $150, highlighting that the "data center CPU demand frenzy + 18A advanced chip process profit prospects continue to improve" are jointly fueling and driving the super bull market narrative for Intel Corporation. Star analyst Ben Reitzes from Melius Research stated that the core logic is not simply betting on PC recovery, but rather redefining Intel Corporation as the most core beneficiary in the AI inference and intelligent edge computing era + challenging Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR's advanced process/outsourcing reverse narrative target.