Intel's 490% stock surge outpaces turnaround efforts

Intel's stock has surged 490% over the past year, far outpacing the company's actual turnaround progress, according to Bloomberg. CEO Lip-Bu Tan, who took over in March 2025, has focused on building relationships rather than restructuring, securing a U.S. government deal that made the government Intel's third-largest shareholder, and reportedly landing preliminary manufacturing agreements with Apple and Tesla. Tan has also courted Elon Musk for a factory partnership. However, Intel's chip yields still lag behind TSMC, and employees report that Tan has been vague on specifics, with some teams merely adjusting missed deadlines. Investors are betting on the long-term vision, but execution remains uncertain.