Intel Climbs 3% on Chip Price Hike Report a Day After Piper Sandler Went Neutral; AMD Rises 2%, Taiwan Semiconductor Drifts

Intel shares rose 3% to $103 in early Friday trading following reports that the chipmaker is preparing to raise prices on selected PC processors. The potential price increases could support Intel's revenue and margin outlook, though the report provided no details on timing or the scale of the increases.