Intel Corp. (NASDAQ: INTC) shares rose 3.30% to $91.95 on Thursday, lifted by a broader semiconductor rally following strong financial results from NVIDIA Corporation (NASDAQ: NVDA).

The Nasdaq Composite gained 1.20% while the S&P 500 advanced 0.55% in the same session.

Nvidia Earnings Drive Sector Rally

Nvidia reported second-quarter revenue of $96.22 billion, a 106% year-over-year increase that surpassed the Street consensus estimate of $92.18 billion. Adjusted earnings per share of $2.22 also beat the $2.10 estimate.

The company guided third-quarter revenue to between $105.84 billion and $110.16 billion. Nvidia ended the quarter with $99.0 billion remaining under its share repurchase authorization.

Proposed Tariff Discussions

Separately, eight people familiar with discussions told POLITICO that the Trump administration is weighing a new round of sweeping tariffs on semiconductors. One approach under consideration would expand duties to hit chips, laptops, gaming consoles, and data center servers.

Four sources noted Commerce Secretary Howard Lutnick favors a structure tying foreign companies’ tariff relief to U.S. chip manufacturing investments to boost domestic production.

Technical Analysis

Despite the daily gain, Intel remains in a shorter-term downtrend. The stock trades 7.3% below its 20-day SMA ($95.73) and 15.9% below its 50-day SMA ($105.48). However, it stays 22.3% above its 200-day SMA ($72.51), suggesting the longer-term trend remains constructive despite the mid-year drawdown.

The 20-day SMA sitting below the 50-day SMA indicates a bearish crossover. Traders are watching the range framed by the June swing high ($142.35) and the July swing low as prices try to stabilize.

What the Numbers Show

The divergence between Intel’s technical position and the sector’s momentum highlights the stock’s reliance on broader market sentiment rather than company-specific catalysts. While Nvidia’s 106% revenue growth drove the rally, Intel remains significantly below its key short-term moving averages, indicating overhead supply persists even as the longer-term 200-day SMA support holds.

Intel Corp (NASDAQ: INTC) shares rose 4% in Tuesday premarket trading to $90.75 as the chipmaker expanded its artificial intelligence portfolio with three new processors aimed at data centers and consumer devices.

The stock movement followed the announcement of new hardware designed to address varying performance, power, and cost requirements across the AI market. Nasdaq futures rose 1.01% and S&P 500 futures gained 0.50% during the session.

Product Lineup Details

At Hot Chips 2026, Intel highlighted three distinct products targeting different segments of the AI ecosystem:

• Diamond Rapids: Targets large-scale enterprise workloads with support for up to 256 cores.
• Crescent Island: A graphics processor for data centers supporting up to 480GB of memory.
• Wildcat Lake: Designed for laptops and edge devices, featuring Wi-Fi 7 and Bluetooth 6.0 support.

Diamond Rapids is engineered to improve performance, efficiency, and scalability for demanding business applications requiring significant computing capacity.

Cost And Efficiency Focus

Crescent Island focuses on reducing the operational costs of running AI models. The processor is designed to handle larger models and more simultaneous tasks while lowering cooling requirements.

Intel stated that this product aims to help businesses maximize existing data-center infrastructure and improve returns on AI spending.

Consumer Device Integration

Wildcat Lake brings AI capabilities to more affordable laptops and edge devices. The processor combines computing, graphics, and dedicated AI features, expanding Intel’s reach into the consumer electronics sector.

ETF Exposure Impact

Intel carries significant weight in major technology ETFs, meaning fund flows could drive automatic trading activity in the stock.

The heavy weighting in these funds suggests that significant inflows or outflows will likely force automatic buying or selling of INTC shares.