Intel Corp (INTC  ) stock rose Monday after reports said Alphabet Inc (GOOGL  ) (GOOG  ) Google and NVIDIA Corp (NVDA  ) are considering Intel as a backup chip manufacturer. Google reportedly placed an order with Intel for more than 3 million AI chips in 2028, while NVIDIA is said to be evaluating Intel's advanced packaging and 18A process, The Information reported on Monday.

The chipmaker's stock rebounded on Monday as semiconductor stocks recovered from last week's sharp selloff and investors rotated back into AI-linked chip names.

Intel Rebounds With Semiconductor Stocks

Intel traded over 9% higher as traders returned to the AI-chip trade after recent profit-taking tied to the stock's massive 12-month run. The rebound came as investors moved back into technology and chip names, helping lift the Nasdaq and S&P 500.

The iShares PHLX SOX Semiconductor Sector Index Fund (SOXX  ) also rebounded on Monday after falling more than 10% last Friday. The latest setup followed last week's pullback across semiconductors after Broadcom Inc (AVGO  ) posted strong earnings but kept its long-term AI semiconductor revenue forecast above $100 billion by fiscal 2027, rather than raising it, cooling near-term sentiment around AI valuations.

NVIDIA Threat Keeps Intel's PC Franchise In Focus

Bloomberg tech editor Vlad Savov said NVIDIA RTX Spark raises the threat to Intel because it combines a GPU with a CPU, pushing NVIDIA directly into Intel's long-dominant PC processor market.

Bloomberg semiconductor reporter Ian King said NVIDIA looks more credible this time because its stronger revenue base, high margins, and PC graphics history give it a better shot than past attempts to enter PCs. King added that Intel still needs to prove its products and factory strategy can attract major customers as NVIDIA expands in AI PCs and data-center infrastructure.

Technical Analysis

Intel's longer-term trend is still pointed higher, but the near-term tape is choppy: the stock is trading 10.8% below its 20-day SMA ($115.90) while staying 16.5% above its 50-day SMA ($88.76). That mix often reads as "bigger uptrend intact, shorter-term digestion," especially after a 384.23% 12-month surge.

From a structure standpoint, the moving averages still lean bullish, including the golden cross in August 2025 (50-day SMA above the 200-day SMA), and price remains 101.7% above the 200-day SMA ($51.27). The risk is that continued weakness keeps the stock pinned under the 20-day area, which can cap rebounds and extend the consolidation.

Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the July 23, 2026 (estimated) earnings report.

• EPS Estimate: 19 cents (Up from Loss of 10 cents YoY)
• Revenue Estimate: $14.40 Billion (Up from $12.86 Billion YoY)

INTC Stock Price Activity: Intel shares were up 9.78% at $108.87 at the time of publication on Monday, according to Benzinga Pro data.