After an 84% rally in 2025, the shares are near their highest level in two years, recovering from a 60% drop in 2024 when Intel appeared to be falling behind its rivals who were capitalizing on the AI boom. “It’s back from the dead,” said Kim Forrest, chief investment officer at Bokeh Capital Partners and a long-time Intel shareholder. A range of catalysts are driving the optimism: an improving financial outlook, new confidence from Wall Street as seen in recent analyst upgrades, speculation about new foundry customers, and even enthusiasm around the company’s potential to be a winner in President Trump’s “America First” campaign.