Intel stock hits record $130 on strong Q1 earnings but analysts warn of cautious outlook.

Intel's stock reached a record high of $130 driven by strong Q1 earnings with $13.6 billion revenue and $0.29 adjusted EPS, boosted by potential chip manufacturing deals including for U.S.-made Apple devices. CEO Lip-Bu Tan is focusing on expanding manufacturing, customer engagement, and partnerships under a 2026 strategy. However, analysts remain cautious, projecting a 12-month price target around $80 due to margin and competition concerns. Investors await upcoming earnings and deal confirmations for further direction.