NEW YORK — Shares of Intel jumped about 5% on Monday after JPMorgan upgraded the chipmaker, citing expected growth from demand for artificial intelligence agents, as semiconductor stocks rebounded from a steep sell-off.

Intel shares were up $4.53, or 5.04%, at $94.38 as of 10:26 a.m. Eastern time on the Nasdaq, making the company one of the top gainers among major chip stocks. The stock had closed Friday at about $89.85.

The gain followed a drop of more than 14% in Intel shares last week amid a broad sell-off in technology stocks.

JPMorgan upgraded Intel to Neutral from Underweight, citing expected positive earnings revisions driven by........

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