Intel is trading 3.03% up at $123.64 in pre-market, with semiconductor and broader-market gains providing the likeliest context; no confirmed Intel-specific announcement explains the move. - The Nasdaq is up 1.37% and the S&P 500 is up 0.93% in pre-market; Intel’s prior close was $120.00. - Recent coverage points to renewed interest in CPU demand tied to Meta’s Muse AI agent. The ON Semiconductor–Synaptics deal is sector context, not a direct Intel catalyst.