Intel surged on Friday to its highest intraday level since the internet bubble period, as optimism grows that its turnaround strategy is yielding results. The stock climbed as much as 1.5% to $69.55, surpassing its previous peak from January 24, 2020. Year-to-date, Intel shares have surged 90%, now trading only about 8% below its all-time closing high of $74.88, set on August 31, 2000. Ryuta Makino, a research analyst at Gabelli Funds, stated, "There are numerous short-term catalysts, making Intel highly attractive." He expressed considerable confidence in Intel's announcement this year about bringing external customers to its foundry business. This view aligns with Wall Street speculation that Intel may collaborate with Apple or AI chip leader Nvidia, which invested in the company last year.