U.S. Stock Market Opens Higher, Intel Surges 25% to Hit an All-Time High

BlockBeats News, April 24th - According to Bitget market data, as the U.S. stock market opened, the Dow rose by 0.1%, the S&P 500 index rose by 0.38%, and the Nasdaq rose by over 0.6%. Intel (INTC) surged 25%, reaching a historic high of $85 per share, with a current market cap of $422.6 billion, leading the semiconductor sector rally in the U.S. stock market.

Intel announced its first-quarter 2026 earnings at the close of trading yesterday, reporting a revenue of $13.6 billion, a 7% year-over-year increase, exceeding Wall Street's consensus estimate by 11%. The non-GAAP earnings per share were $0.29, significantly higher than the analysts' expectations of $0.01, beating estimates by 29 times.