Intel Corp. shares jumped more than 9% on Wednesday. Investors poured back into semiconductor stocks after strong results from AI cloud provider CoreWeave revived the artificial intelligence infrastructure trade.

Intel stock traded at $63.39 at 1:26 p.m. EST, up $5.26, or 9.05%, from Tuesday's close of $58.13. The stock rose through the morning session and briefly topped $63.80 before easing slightly.

The rally appeared to be driven by the whole sector rather than by Intel's own news. Chipmakers from Marvell Technology to Taiwan Semiconductor Manufacturing Co. moved higher, and Advanced Micro Devices and Nvidia also posted strong gains.

CoreWeave sparks the rebound

The catalyst came late Tuesday, when CoreWeave reported third-quarter results that beat Wall Street forecasts. The company reported revenue of $3.66 billion and raised its full-year 2026 revenue forecast to between $13.0 billion........

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