Intel's stock is poised to open at $86, a 29% increase premarket, potentially surpassing its dot-com era peak and elevating the company's market value to over $420 billion. The surge is attributed to robust demand for Intel's central processors, particularly from firms providing artificial intelligence (AI) services. In the first quarter, Intel's ability to sell previously shelved chips contributed to this turnaround, as noted by CFO David Zinsner. Intel's shares have already surged about 80% this year, following an 84% increase last year, reflecting a significant recovery under CEO Lip-Bu Tan. Analysts have responded positively, with at least 14 brokerages raising their price targets for Intel following better-than-expected quarterly results. Additionally, Intel secured a contract with Tesla for its next-generation chipmaking process, which could further solidify its position in the market and signal a complete turnaround by 2027.