Intel stock on track for historic 9-day winning streak, up 56%

intel It was on track for its ninth straight day of gains on Monday, up nearly 56% over that period and on track for its best performance in as many days since at least the 1970s.

The stock’s last winning nine-day streak was in September 2023, and the last series of even longer duration, a 13-day series of gains, was in May 2005.

The race has been fueled by several big deals and announcements from the US chipmaker, including partnerships Google And Elon Musk’s TerraFab project.

Last week, Intel announced the expansion of its partnership Google. Google will use Intel’s latest Xeon 6 central processing units to run artificial intelligence training and inference workloads. Announcement.

Intel also announced it would be joining Elon Musk’s TerraFab project last week.

plans for terrafabAn advanced AI chip complex in Austin, Texas was announced by Musk last month. The complex will design and manufacture custom chips for SpaceX, XAI and TeslaAccording to Musk.

Intel posted a photo on Tuesday CEO Lip-Boo Tan And Musk together.

“Our ability to design, fabricate, and package ultra-high-performance chips at scale will help accelerate TerraFab’s goal of achieving 1 TW/year of compute for future advances in AI and robotics,” the company wrote.

The chipmaker also repurchased the remaining shares of its Ireland chip fab earlier this month. The $14.2 billion purchase showed new strength on its balance sheet compared to when it sold a 49% stake in 2024.

intel and advanced precision instruments Lead the CPU industry. Last month, Dion Harris, head of AI infrastructure NVIDIA told CNBC that CPUs are “becoming the bottleneck” for AI and agentic workflows.

Unlike AMD and Nvidia, which outsource their silicon manufacturing, Intel designs and manufactures its own chips.

In August, the US government bought a 10% stake in Intel, as it is the only company that can make advanced chips domestically. A month later, Nvidia announced a $5 billion investment and technology collaboration with the company.

Nvidia CEO Jensen Huang called the deal an “incredible investment”.