Intel stock (NASDAQ:INTC) closed at $42.63, up 6.52% on Wednesday after unveiling new Panther Lake AI PC chips and 18A manufacturing roadmap. Trading volume hit 164 million shares, 8% above the three-month average.

The S&P 500 slipped 0.34% to 6,921, while the Nasdaq Composite rose 0.16% to 23,584. AMD fell 2.02%, while Nvidia gained 0.98% in the semiconductor sector.

Intel’s debut of 18A-based Panther Lake processors at CES received positive market response, with one analyst upgrading the stock to a “buy” with a $50 price target. Investors should monitor Intel’s manufacturing transition closely.

Read more at Nasdaq: Stock Market Today, Jan. 7: Intel Surges After Panther Lake AI PC Chips Spark Investor Optimism