Shares of Intel have more than doubled this year on optimism that backing from the government will help the company's position in AI.

The chipmaker’s shares, in the midst of a yearslong turnaround, matched a 26-year high earlier this month.

The government, which took up nearly a 10% stake in Intel last August, has seen gains on paper of nearly $30 billion amid Friday's big rally.

There’s a debate on Wall Street about whether Intel’s financial prospects have materially changed.

Intel is soaring after earnings. The stock is up 26% in premarket trading, pushing above the dot-com-era ceiling it set in 2000. The move comes amid Intel’s best month in at lea

Intel is benefiting from shifting AI trends. After missing out on the early stages of the artificial intelligence (AI) boom, Intel is finding itself well placed to profit from rec

Wall Street’s view on Intel (NASDAQ:INTC | INTC Price Prediction) stock leaned bullish this morning. Citi upgraded Intel to Buy from Neutral with a $95 price target, up from $48, while Evercore ISI’s Mark Lipacis moved to Outperform from In Line with a $111 target,

Intel's chief accounting officer, Scott Gawel, resigned Friday to pursue another professional opportunity, effective immediately. Chief Financial Officer David Zinsner assumed the role of principal accounting officer, Intel said. The company disclosed the changes in a filing with the Securities and Exchange Commission.

Following the report’s release, Bank of America analyst Vivek Arya and his team updated their view on Intel stock. The team said that reported gross margins remain subpar, while the company continues to burn cash, as it invests in additional capacity and faces headwinds from still-low 18A product yields.