Intel’s $100 Billion April Rally Makes It Market’s Hottest Stock

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:Intel Corp. signage at the Nasdaq MarketSite in New York.Intel Corp. has quickly become one of the hottest stocks in the S&P 500 Index thanks to a nine-day surge that has added more than $100 billion in market value.A rash of good news over the last two weeks has reinvigorated investor enthusiasm that the chipmaker may be able to pull off a dramatic turnaround after years of underperforming amid fears that it had lost its edge in semiconductor manufacturing. Shares just posted their best week since January 2020 and have soared 53% in nine sessions, including Monday. This is the most on record for any similar stretch of trading — quite the feat for a company that went public in 1971.