On August 27, Intel rose 3.07% in pre-market trading, trading at $91.01/share, with turnover of $52.93 million.
On the news front, Intel disclosed detailed test data for its 18A-P process node at the Hot Chips conference. On production-stage x86 chips, the process achieved a 30% clock frequency improvement over traditional FinFET architecture at an ultra-low 0.5V operating voltage. Additionally, two extra top coarse metal layers were introduced to alleviate routing congestion and reduce interconnect latency, yielding an additional 2%-3% frequency gain.
In the options market, a $20.70 million synthetic long position dominated activity, with the trader selling a December 2028 140 PUT while simultaneously buying a same-expiry 150 CALL, forming a classic synthetic bullish structure. The Call/Put volume ratio reached 2.14, reinforcing short-term bullish sentiment. This follows Intel's earlier unveiling of its Diamond Rapids processor at the same conference and JPMorgan's target price upgrade from $45 to $85, with the analyst consensus target standing at $121.24.
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