StocksMedium•11 November 2026•
1 min read
Intel Shares Jump 5.23% as SoftBank Raises $7.4B Against Stake
Key Facts
1Intel shares rose 5.23% to reach $61.17 on Wednesday.
2SoftBank Group revealed it raised $7.4 billion through prepaid forward contracts backed by its Intel shares.
3The raised amount represents approximately 70% of the stake's value as of September.
Intel shares rose 5.23% to reach $61.17 on Wednesday, November 11, 2026. TradingView reported that the surge followed SoftBank Group's disclosure that it raised $7.4 billion through prepaid forward contracts backed by its holdings in Intel.
The raised amount represents approximately 70% of the value of SoftBank's stake in Intel as of September 2026. Intel shares previously closed at $58.13 on November 10, 2026, while SFTBY closed at $11.26 on the same date.