Why Intel (INTC) Stock Is Climbing Today

Sep 15 - Intel INTC raised investor confidence Monday after the chipmaker cut its full-year expense outlook, following the sale of a majority stake in its Altera business. Shares climbed more than 4% after the opening bell, adding to a strong year-to-date performance.

The company closed its $3.3 billion transaction with Silver Lake last Friday, transferring 51% of Altera while retaining the remaining 49%. The cash boost allows Intel to lower its 2025 non-GAAP operating expenses forecast to $16.8 billion from $17.0 billion. Guidance for 2026 remains unchanged at $16.0 billion.

CEO Lip-Bu Tan emphasized in recent earnings that Intel is taking concrete steps to operate with greater financial discipline. CFO David Zinsner pointed to progress in lowering costs, improving capital efficiency, and monetizing non-core assets as evidence of a more focused strategy.

Intel's restructuring comes as it works to reposition its foundry business and regain competitiveness in semiconductors. With shares already up about 25% in 2025, the company's sharper focus on cost control adds momentum to its turnaround story.