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Intel has been building chips designed for gaming PCs for years but the company is now moving into handheld devices too.

D.A. Davidson analyst Gil Luria told MarketWatch that Intel’s stock move could be further indication that investors are looking to broaden beyond well-trodden AI plays like Nvidia by “rushing into more marginal players like [Intel] and memory stocks, with the belief that the great data-center buildout will drive growth in those shares as well.”

Intel used the CES 2026 stage to unveil its Panther Lake AI laptop chips built on the 18A process, with CEO Lip-Bu Tan saying the company "over-delivered" on its promise to ship the first 18A products by the end of 2025 as it ramps production and seeks to regain manufacturing credibility amid intensifying competition.

Intel launched Panther Lake, its new AI chip for laptops, on Monday at the CES trade show in Las Vegas, as the company seeks to reassure investors about the first product made using its next-generation manufacturing process called 18A.

Intel stock jumps 8% as it ships first 18A Panther Lake Core Ultra Series 3 chips; rollout details, AI performance, and $50 Buy upgrade—read now.

A custom-designed version of its new CPUs could make Intel-based gaming handhelds a better option this time around.

Intel plans to challenge AMD’s handheld gaming prowess with a new gaming platform and chip dedicated to the devices. The semiconductor company announced it was launching a platform, including software and hardware,