Intel stock hits a new all-time high on Monday: here's why

Intel INTC shares rose 3.9% on Monday, extending gains from the previous session after President Trump said on Truth Social that Apple AAPL had agreed to work with Intel to design and build chips in the United States.

The stock had already surged sharply on Thursday, closing at an all-time high of $133.99 after a 10.64% gain in a single session. However, neither Apple nor Intel has formally confirmed the terms of the arrangement.

Monday's surge boosted the stock to a fresh all-time high of $141.45.

The latest rally adds to a strong upward move in the chipmaker’s stock over the past year, driven by renewed investor interest in its foundry and advanced packaging strategy.

Mizuho raises price target, highlights advanced packaging potential

Over the weekend, Mizuho increased its price target on Intel to $135 from $128 while maintaining a Neutral rating.

The firm cited Intel’s positioning in advanced packaging technologies as a potential long-term growth driver.

The analyst noted Intel’s EMIB-T and Foveros technologies, stating they could help the company capture 10% to 15% of the advanced packaging market over time.

The firm said it hosted an expert call on advanced packaging and identified Intel’s EMIB-T and TSMC’s CoWoS-L 2.5D approaches as gaining traction.

The analyst said glass substrate technology is beginning to emerge, with potential to improve thermal conductivity and enable denser wiring for tighter interconnections, while 3D integration approaches such as Foveros and SoIC continue to advance vertical stacking in chip design.

Mizuho added that EMIB-T and CoWoS-L could drive incremental demand for TSV, drilling, and lithography equipment, while SoIC and Foveros support hybrid-bonding processes.

The firm also highlighted supply chain constraints, noting ABF as a key bottleneck with one major supplier, and identified AMKR as a leading glass substrate partner for Intel.

It further pointed to potential upside for wafer fabrication equipment companies, including LRCX, MKSI, and AMAT, as the industry transitions toward silicon bridges and larger wafers.

Intel stock surpassed Mizuho's price target of $135 in the session.

CEO outlook

Intel CEO Lip-Bu Tan also added to bullish sentiment, saying on the “No Priors” podcast that his goal is a tenfold return for shareholders within five to ten years.

Tan, who took the helm early last year, has helped revive investor interest in Intel by attracting investments from Nvidia NVDA and the Trump administration.

Intel’s stock has seen a dramatic run, rising over 540% in the last twelve months and more than 250% year to date.

However, not everyone is sold on Intel's turnaround.

According to TipRanks data, only 11 out of 38 analysts have a "buy" rating on the stock with 25 analysts have a "hold" rating.

Mizuho’s revised outlook comes as Intel’s shares have already surpassed prior expectations, reflecting the strength of its recent rally and the market’s focus on its foundry ambitions and advanced packaging roadmap.