Stock Market Today, Nov. 11: Intel Climbs on Broader Chip Rally as AI Infrastructure Demand Lifts Semiconductor Stocks
$62.50+$4.37 (+7.52%)
NASDAQ · As of 4:00 PM ET 11/11/26
Intel (INTC +7.52%), an x86 processors, AI data-center chips, and contract semiconductor manufacturing conglomerate, closed at $62.50, up 7.52%. Broader chip strength and stronger AI infrastructure sentiment lifted shares, and investors are watching data center demand and foundry progress next.
Trading volume reached 125.6 million shares, coming in nearly 7.4% above its three-month average of 116.9 million shares.
How the markets moved today
The S&P 500 (^GSPC +1.31%) closed at 7,619, up 1.31%, while the Nasdaq Composite (^IXIC +1.60%) closed at 25,466, up 1.60%. Among semiconductor stocks, Advanced Micro Devices closed at $552.90, up 7.32%, and Nvidia closed at $173.73, up 2.92%, as chipmakers tracked stronger AI infrastructure sentiment.
What this means for investors
On Wednesday, Nov. 11, Intel extended its chip rally as neocloud CoreWeave delivered stronger-than-expected third-quarter results on Nov. 10, reinforcing the strong demand that continues for artificial intelligence infrastructure. CoreWeave announced Q3 revenue of $3.7 billion, more than double the prior year’s $1.4 billion, and raised its full-year outlook.
Consequently, investors rotated back into semiconductor stocks after abandoning them in the wake of last week’s U.S. midterm results. The Democratic Party gained control of Congress in the elections, raising fears that incoming Democratic leadership might push for tighter AI regulations and pause data center construction projects, leading to a semiconductor sector sell-off that swept up Intel shares with it.
CoreWeave’s strong Q3 results softened investor concerns over the AI industry’s future, boosting Intel shares. This is a reversal from the stock’s crash after the chipmaker released fiscal Q3 earnings results on Oct. 29. The company issued a weak Q4 forecast due to a faltering PC market, a key business for Intel.
The PC sector is expected to see a steep downturn in Q4 due to component shortages and skyrocketing prices tied to AI infrastructure demand. The situation reset Wall Street’s expectations for Intel’s turnaround story.
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Robert Izquierdo has positions in Advanced Micro Devices, CoreWeave, Intel, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Intel, and Nvidia. The Motley Fool has a disclosure policy.
