Intel shares surged over 40% in September 2026, pushing year-to-date gains above 200%. The stock peaked above $127 intraday before settling around $123 at month-end. Two factors drove the rally: Meta Platforms’ rollout of its Muse AI agent and CEO Lip-Bu Tan’s comments that Intel could currently meet only about 50% of existing CPU demand. Q2 2026 revenue came in at $16.1 billion, representing a 25% year-over-year increase. The stock is now trading at more than 60 times forward earnings, raising concerns about its valuation.
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