Intel shares climbed about 4% in premarket trading Monday as a broader technology rally lifted semiconductor stocks ahead of Intel's October 29 earnings report. Benzinga Pro data showed Intel shares up 3.87% to $93.26 in premarket trading Monday. The gains extend Intel's 140% rally in 2026 as Intel expands in artificial intelligence and seeks to capitalize on manufacturing constraints at Taiwan Semiconductor. Nasdaq futures rose 1.11%. S&P 500 futures gained 0.53%. The futures gains signaled renewed investor appetite for technology stocks after last week's selloff.
Intel announced Monday that Intel enabled support from the first day for Meta Platforms' Muse Spark Open across Xeon processors and the upcoming GPU D-series. Muse Spark Open is an 816 billion-parameter AI model. Intel said Intel successfully tested the model on four GPU D-series cards, each offering 160 GB of memory. The air-cooled design allows deployment in conventional data centers, potentially reducing infrastructure complexity. Intel's Xeon processors support the model through memory-efficient AI processing, allowing businesses to run workloads privately on existing infrastructure. Muse Spark Open focuses on coding, debugging and automated workflows. The model also supports image, audio, video and document processing.
The integration strengthens Intel's enterprise AI infrastructure push as demand grows for hardware capable of running increasingly complex models. The integration highlights Intel's efforts to expand beyond traditional processors and compete for enterprise AI infrastructure spending. However, Intel's announcement did not disclose customer commitments, expected revenue or a commercial launch date for the GPU D-series.
Intel will showcase edge AI, agentic AI and physical AI technologies at Web Summit 2026 in Lisbon, Portugal, from November 9 to November 12. Intel plans live demonstrations of AI applications across manufacturing, smart cities, retail, robotics and healthcare. Intel will focus on how Intel's chips, software and industry partnerships can help businesses move AI projects from pilot programs to real-world deployment. Intel experts will discuss challenges in scaling AI, including infrastructure costs, system integration, power efficiency and deployment complexity.
Intel could benefit from tightening manufacturing and advanced-packaging capacity at Taiwan Semiconductor as major chipmakers compete for limited AI chip supplies. Mizuho Securities Managing Director Jordan Klein said Intel CEO Lip-Bu Tan is working to improve manufacturing execution and attract outside foundry customers. The capacity constraints could encourage companies such as Apple and NVIDIA to explore Intel as an alternative manufacturing partner. However, potential agreements remain speculative. Intel must demonstrate reliable production capabilities to capitalize on the opportunity.
Intel is scheduled to report third-quarter earnings on Thursday, October 29. Analysts expect earnings of 39 cents per share, up from 23 cents a year earlier. Revenue is projected to rise to $16.44 billion from $13.65 billion in the year-ago quarter. Investors will likely focus on Intel's AI strategy, progress in advanced manufacturing and ability to secure external foundry customers.
Intel carries a 6.47% weighting in the VanEck Semiconductor ETF (SMH). Intel carries a 9.44% weighting in the iShares Semiconductor ETF (SOXX). Intel carries a 7.26% weighting in the MicroSectors FANG & Innovation 3x Leveraged ETN (BULZ). These exposures could amplify Intel's sensitivity to semiconductor-sector fund flows, although the impact depends on fund activity and market conditions.
Intel Stock Rises on AI Expansion and Market Rally
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Summary
Intel shares climbed 3.87% in premarket trading on October 19, 2026, riding the market rally in tech stocks. The rise came ahead of its October 29 earnings report. Intel announced support for Meta’s 816 billion-parameter Muse Spark AI model on Xeon and upcoming GPU D-series, potentially simplifying infrastructure for businesses. The company will demo AI tech at Web Summit 2026 and is expected to report Q3 earnings of 39 cents per share, with revenue hitting $16.44 billion. The market rally has pushed the fear and greed index toward optimism.
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