Intel (INTC, Financial) shares climbed 3.95% to $19.86 as of 11:55 AM ET, outperforming the broader market on Monday. The boost comes after strong reviews for its latest processor, the Core Ultra 9 275HX. PCWorld and TomsHardware praised its performance and battery efficiency, while Notebook Check called it the fastest chip on the market, surpassing AMD's (AMD, Financial) Ryzen 9 7945HX3D in PassMark benchmark tests. AMD shares also ticked up 2.9% in late morning trading.
Intel's Q4 earnings, released last month, came in above expectations, reflecting progress from its 2024 restructuring efforts. Still, analysts are holding back on enthusiasm as they wait for clearer signs of a turnaround.
Next up, Intel will host its Foundry Direct Connect event on April 29, where it plans to lay out its chipmaking strategy and tech advancements. Meanwhile, the company is still searching for a new CEO after Pat Gelsinger's sudden departure, with co-CEOs David Zinsner and Michelle Johnston Holthaus currently leading the way.
