Intel shares rise 23.6% on April 24, biggest one-day gain since 1987, after Q1 beat
Intel shares rose 23.6% on Friday, April 24, 2026, the day after its first-quarter report, in their biggest daily gain since October 1987. The stock closed at a record above its 2000 peak of $74.88. Traders cited a large earnings beat and above-expectations guidance, and the forward P/E fell from about 100x to about 70x as analysts raised estimates.
- Move: +23.6% on the day
- Previous record close: $74.88 (August 31, 2000)
- Forward P/E fell from about 100x to about 70x on higher estimates
- Morgan Stanley flagged AI CPU share pressure and a $2.44B Q1 foundry operating loss
INTC around the story · hourly24 h reaction ▲ 2.31%
Moves this explains
AMD+6.16%Apr 23 · AMD rose 6.2% in a chip rally: TSMC +5.2%, Nvidia +4.3%, Amazon +3.5%, Intel +3.4%. Intel's Q1 beat and upbeat Q2 guidance were the sector catalyst. Intel rose 18.9% on April 23 and 3.4% on April 24 in our data, while the reported April 24 gain was 23.6%.TSM+5.24%Apr 23 · TSM rose 5.24% alongside a semiconductor rally after Intel's Q1 beat sent INTC up 23.6%, its biggest one-day gain since 1987. The same day AMD rose 6.16%, NVDA 4.33% and MU 1.97%, while SPX gained only 0.45%.Source
Sherwood NewsApr 24, 2026