Intel soared 24% on Friday, the largest single-day gain since 1987.

Intel's stock price surged 24% on Friday, marking its best single-day performance since October 1987, as investors were encouraged by signs of recovery due to the increasing demand for artificial intelligence. The stock closed at $82.57, up 124% year-to-date following an 84% increase in 2025. Last Friday's rally exceeded the 23% increase on September 18 when Nvidia agreed to invest $5 billion in Intel. Pat Gelsinger, who took over as CEO last year, has revitalized Wall Street's interest in the struggling chipmaker by securing investments from the Trump administration and Nvidia, and helping the previously excluded chipmaker enter the AI market. Evercore ISI analysts wrote in a report after the earnings release, "Intel's new CEO has repaired the balance sheet and is executing a strategy that appears to be steering Intel back on track for competition." The firm upgraded Intel's stock rating to the equivalent of "buy."