Intel shares rose 2.63% to $46.78 during the latest session, beating the S&P 500’s 0.21% decline and the Dow’s 0.07% drop, while the Nasdaq edged up 0.01%. This rally trimmed a 9.28% share slide over the past month, compared with a 3.04% loss for the Computer & Technology sector.

The company announced a strategic alliance with Infosys to integrate Intel compute technology with the Topaz Fabric platform for enterprise AI applications, focusing on AI agents, data-driven apps and demonstrable business outcomes. Analysts suggest the collaboration could accelerate real-world adoption of Intel hardware in corporate AI deployments.

Intel is set to report first-quarter earnings projecting $0 EPS and $12.26 billion in revenue, marking a 100% EPS decline and a 3.24% revenue drop year-over-year. Investors will be watching these figures closely as an indicator of Intel’s turnaround progress in a challenging market environment.

Intel trades at a forward P/E of 93.72, a significant premium to its industry average of 31.26, and carries a PEG ratio of 2.22 versus the 1.77 industry norm. A recent 2.54% cut in consensus EPS estimates over 30 days has placed the stock on a Zacks Rank #3 (Hold).