# Intel stock has surged 51% in just eight sessions, adding more than $100 billion in market value and marking its strongest run for any similar stretch on record.

*business · news · 2026-04-13 · The Economic Times*

## Key points

- Intel bought back half of its Ireland plant from Apollo Global Management for $14.2 billion.
- Intel will join Tesla’s Terafab project to develop chips for Tesla, SpaceX, and xAI.
- Google has committed to using future generations of Intel’s Xeon processors in its data centers.
- Intel stock is trading at over 90 times estimated earnings for the next 12 months, a record high.
- Despite recent gains, only 10 of 52 analysts tracked by Bloomberg have buy ratings on Intel.

**Companies:** Intel Corp, Tesla Inc, Alphabet Inc, Apollo Global Management, Nvidia, SoftBank Group
**Countries:** Ireland, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/intc-soars-51-in-april-adds-100-billion-whats-driving-intel-stock-rally-and-why-analysts-are-cautious/articleshow/130240773.cms)

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