Intel’s stock is on pace for its best quarter in 20 years

Intel Corp.’s
INTC,
+2.88%
stock is up 31.5% during the quarter, which would be its best performance since the third quarter of 2003, according to Dow Jones Market Data. For the year, shares of Intel have soared 78%, while the SPX 500 index
SPX,
+1.03%
has advanced 23.6%. The fortunes of the chip maker have turned under the leadership of Chief Executive Pat Gelsinger, who has set a goal of achieving technical parity with Intel’s rivals by 2024 and claiming technical leadership by 2025.