On September 15, Intel rose 3.22% in regular trading, trading at $99.68/share, with turnover of $761 million. The stock rebounded sharply after plunging over 7% in the prior session to $94.69, driven by a confluence of technical recovery demand and fresh positive catalysts.

On the news front, JPMorgan noted that ASML plans to produce more than 110 extreme ultraviolet (EUV) lithography machines by 2028 to meet surging AI-driven demand, with Intel expected to be a key customer. ASML management disclosed that 2027 EUV capacity is nearly sold out at over 80 units, with 2028 output targeted roughly 30% higher. Most new orders are already slated for 2028 delivery. This development provides meaningful support for Intel's advanced process node strategy under its foundry roadmap.

The prior session's selloff was triggered by Mizuho cutting its Intel target price from $109 to $92 and UBS lowering its target from $121 to $112, compounded by AI industry slowdown concerns and hotter-than-expected August PPI data that pushed the probability of a Fed rate hike to 70%. The sharp decline left the stock in technically oversold territory, setting the stage for the current bounce.

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