On August 25, Intel rose 3.06% in pre-market trading, trading at approximately $89.93/share, with turnover of $44.47 million.
On the news front, Intel unveiled its next-generation Diamond Rapids processor at the Hot Chips conference, featuring 18A-P process technology with a new Fan-out Fabric architecture, up to 256 P-cores, 1.6TB/s memory bandwidth, and PCIe Gen 6 support, positioning it squarely for AI Agent infrastructure. Additionally, details of the Xe3P architecture data center GPU Crescent Island were revealed, featuring a 350W TDP wind-cooled design with memory expandable to 480GB, deployable in existing air-cooled servers without costly liquid cooling modifications.
Separately, JPMorgan raised its price target on Intel from $45 to $85, while the analyst consensus target stands at $121.24. Congressional trading disclosures also showed Nancy Pelosi further adding to her existing Intel position. In the options market, a $9.09 million bull put spread represented the most prominent bullish institutional trade of the session, reinforcing an overall positive sentiment among large-block flows.
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