EL7.AI
StocksMediumUpdated•Originally published 16 September 2026•Updated 16 September 2026•
1 min read

Intel Shares Jump 4% as Analysts Raise Price Targets on AI Growth Potential

Key Facts

1Intel Corp shares rose on Wednesday following reports of talks with South Korea's SK Hynix.
2The talks involve SK Hynix potentially manufacturing memory chips in the U.S. for the first time in collaboration with Intel.

Amid growing optimism regarding the company's role in the AI boom, Intel Corp shares jumped 4% during trading on Wednesday, September 16, 2026. According to reports, analysts have raised their price targets for the stock, citing significant upside potential in the AI and data center sectors, which has bolstered investor confidence in the company's strategic pivot.

These gains coincide with ongoing talks with South Korea's SK Hynix to utilize Intel's facilities for memory chip production within the United States, supporting Intel's foundry business ambitions. Per market data, SKHY shares closed at $174.83 in the previous session, while Intel's latest move reflects the market's appetite for pricing in international partnerships and the localization of tech supply chains.

In September 16, 2026 trading, INTC showed strong momentum after breaking above the previous close of $97.14. Traders are now monitoring the sustainability of this rally above psychological resistance levels, specifically watching for further details on the SK Hynix manufacturing deal, as the economic calendar shows no major sector-specific catalysts scheduled for the coming seven days.

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