On September 17, Intel rose 3.02% in pre-market trading, trading at $104.08/share, with turnover of approximately $92.29 million. The stock extended gains from the prior session, when it surged over 7% during regular trading.

On the news front, the Federal Reserve announced a 25-basis-point rate hike, raising the federal funds rate target range to 3.75%-4.00%, in line with market expectations. All 12 voting members supported the decision. The removal of uncertainty surrounding the rate decision lifted broad tech sentiment, with major names including NVIDIA, AMD, Broadcom, and Micron all trading higher pre-market.

Intel also continues to benefit from multiple positive catalysts. CEO Lip-Bu Tan recently stated that CPU demand is surging, with Intel currently able to fulfill only about 50% of customer orders, a shortage expected to persist as AI inference workloads grow. Additionally, reports from the prior session indicated SK Hynix is in discussions with Intel to potentially lease part of its Ohio chipmaking facility for U.S.-based memory chip production, though SK Hynix noted no plans have been finalized.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)