Intel shares extended their record-breaking rally on Monday, reaching $133.99, after Mizuho raised its price target to $135 from $128 while maintaining a Neutral rating. The stock had surged 10.6% the previous Thursday following reports that President Trump announced a manufacturing deal with Apple, pushing Intel to an all-time high.
Mizuho’s bullish revision was driven by growing confidence in Intel’s EMIB-T advanced packaging technology, which is gaining momentum alongside TSMC’s CoWoS-L. The firm highlighted that Intel’s solution is the cheaper of the two, but yields still need to hit 99% before full production readiness. Additionally, the Q1 earnings report provided a strong catalyst — Intel posted earnings per share of $0.29, crushing the consensus estimate of $0.01, with revenue of $13.58 billion (up 7.4% year-over-year), far above the expected $12.32 billion.
In a separate, high-impact development, Getty Images skyrocketed 179% after announcing a multi-year partnership with OpenAI. The deal will integrate Getty’s licensed visual library directly into ChatGPT, marking a structural shift in how AI platforms source content. The move triggered massive investor interest, reflecting the market’s appetite for AI-linked deals.
Other notable moves included Micron rising over 3% ahead of its earnings report, and Apogee Therapeutics surging 50% on reports that AbbVie is in advanced talks for an $11 billion buyout. Meanwhile, major tech names like Nvidia, Tesla, and Alphabet traded lower, and SpaceX extended losses for a third consecutive day.
Despite the excitement, Wall Street remains cautious on Intel. The average analyst rating is Hold, with a consensus price target of just $87.29 — well below the current trading price. Still, the semiconductor giant’s strong earnings beat, manufacturing deal with Apple, and advanced packaging leadership are fueling a narrative that has sent the stock into uncharted territory.
