Why is Intel stock surging? AUO deal, AI chip plans and 18A progress explained

Intel stock is surging in pre-market trading. Intel shares jumped 5.9% in pre-open trading on Monday, extending the strong rally seen last week. The stock had recently broken out of its trading range, adding to the upward momentum.

A new Intel-AUO partnership is the main reason behind the latest jump. Intel has reportedly partnered with AUO Optronics, a major Taiwanese display-panel maker, to develop Micro LED advanced packaging technology.