Why did INTC move on Jun 8, 2026?

Intel's stock surged on June 8, 2026, following a report from *The Information* published just before the market open. The report revealed that Google placed an order with Intel Foundry to manufacture more than 3 million custom Tensor Processing Units (TPUs) for 2028 production. Additionally, the report noted that Nvidia is actively evaluating Intel's advanced packaging and cutting-edge 18A process node for future multi-chip processor designs.