Published: Jan. 23, 2026 at 10:36 a.m. ET
The lofty ideas underpinning Intel’s recent stock surge just collided with the reality of a company still very much in transition.
In the three weeks leading up to Thursday’s earnings report, Intel’s stock INTC climbed 47%, “mostly on vibes and tweets,” Bernstein analyst Stacy Rasgon wrote. Therefore, Intel’s results “had to be perfect,” he said, and they were not.