Stock Market Today, April 2: Intel Rises on $14.2 Billion Fab 34 Stake Repurchase

By Eric Trie – Apr 2, 2026 at 6:06PM ESTExpandNASDAQ: INTCIntelToday's Change(4.89%) $2.35Current Price$50.38Key Data PointsMarket Cap$240BDay's Range$46.04 - $50.4952wk Range$17.66 - $54.60Volume117MAvg Vol108MGross Margin35.24%Intel (INTC +4.89%), which designs and manufactures microprocessors and related technologies, closed Thursday at $50.38, up 4.89%. The stock advanced as investors responded to the $14.2 billion Fab 34 stake repurchase from Apollo and are watching how the move supports Intel’s broader turnaround and foundry strategy.The company’s trading volume reached 116.1 million shares, which is nearly 8.6% above compared with its three-month average of 107 million shares. Intel went public in 1980 and has grown 15,377% since its IPO.How the markets moved todayS&P 500 (^GSPC +0.11%) inched up 0.11% to finish Thursday’s session at 6,582.69, while the Nasdaq Composite (^IXIC +0.18%) added 0.18% to close at 21,879.18. Among semiconductors, industry peers Advanced Micro Devices (AMD +3.36%) closed at $217.50 (+3.47%) and Nvidia (NVDA +0.87%) ended at $177.39 (+0.93%), reflecting continued enthusiasm around chip demand.What this means for investorsIntel agreed to repurchase Apollo’s 49% stake in its Fab 34 facility for $14.2 billion, restoring full ownership of the Ireland-based plant and strengthening control over a key manufacturing asset tied to its foundry strategy. The move helped lift shares, as it gives Intel greater control over the capacity needed to support AI and data center demand, even as the scale of the investment highlights the capital required to compete in advanced chip manufacturing.Analysts have reiterated support for Intel’s turnaround following the transaction, as ongoing AI and data center demand continues to drive utilization of its manufacturing network. Regaining full ownership of Fab 34 increases exposure to both potential upside and execution risk, particularly around margins and returns on large capital projects. Investors will be watching upcoming quarterly results later this month for evidence that higher utilization and demand are translating into improved profitability.Read NextApr 2, 2026 •By Billy DubersteinHere's Why Intel Stock Is a Buy Before EarningsApr 1, 2026 •By Joe TenebrusoWhy Intel Stock Popped TodayApr 1, 2026 •By Howard SmithStock Market Today, April 1: Intel Surges on $14.2 Billion Fab BuybackMar 30, 2026 •By Jack CaporalRanked: Semiconductor Manufacturers by Global RevenueMar 27, 2026 •By Timothy GreenThe Scrappy $949 GPU Taking Aim at Nvidia's Grip on Local AIMar 26, 2026 •By Timothy GreenIntel Arrow Lake Refresh: The Budget CPU That Finally Gives AMD a Run for Its MoneyAbout the AuthorEric Trie is a Motley Fool contributing stock analyst covering technology and semiconductors, healthcare, financial services, and consumer sectors. Previously, he worked in investment analysis and financial writing. He holds a B.A. in Philosophy from Rutgers University. Eric lives in New York City and is an avid sports fan.CMFIdeaMachineStocks MentionedIntelNASDAQ: INTC$50.36(+4.85%)+$2.33Advanced Micro DevicesNASDAQ: AMD$217.27(+3.36%)+$7.06NvidiaNASDAQ: NVDA$177.28(+0.87%)+$1.53*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.