From Nasdaq:

Intel stock rose 90.1% in 2023 despite a rocky start, due to strong AI sector boom and a record year in financial growth.

A painful 2022 for Intel sets the stage for a comeback in 2023 with global economic recovery, CEO strategic shift, and better chip demand.

Stock prices soared in 2023 due to macroeconomic recovery. Gelsinger’s revamped business plan could start paying off and Intel also faces tough competition in this opportunity-packed market.

The future of Intel’s stock is uncertain as they rally for a come back with the newly appointed CEO’s revamped business plan. However, it’s facing strong competition as this opportunity-packed market grows.



Read more: Why Intel Stock Nearly Doubled in 2023