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Intel (INTC) Flirts With $120 After 181% YTD Surge: Can 18A Node Push Justify a $510B Market Cap?
The narrative surrounding Intel Corporation (NASDAQ: INTC) has transformed into one of Wall Street's most polarizing battlegrounds. On May 20, 2026, Intel stock surged 7.36% to close at $118.96, recovering from a recent sharp pullback. Driven by whispers of a high-stakes bidding war with Qualcomm for AI hardware startup Tenstorrent, and tactical manufacturing shifts on its next-generation 18A node, the legacy chip giant has posted a staggering 181.4% return year-to-date.
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South Africa Extends Capital-Flow Crypto Rule Comment Period to June 30, 2026
South Africa's National Treasury and the South African Reserve Bank said proposed capital-flow changes covering crypto assets are not meant to criminalize ownership and will not be applied retrospectively. The agencies extended the public comment deadline from May 18 to June 30, 2026, after pushback from industry and other stakeholders. Treasury said it will next release a draft manual describing which cross-border crypto transactions fall under capital-flow controls.
BTC
BTC+0.43%
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Trump executive order asks Fed to assess master accounts for crypto banks
US President Donald Trump signed an executive order on Monday that directs the Federal Reserve to consider whether certain digital-asset firms and uninsured depository institutions should gain access to Reserve Bank payment accounts. The order also instructs the Fed to review legal constraints, create clear application steps if permitted, and issue decisions on completed applications within 90 days.
BTC
BTC+0.43%
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