The Financial Post reports in its Tuesday edition that Intel has become one of the hottest stocks in the S&P 500 index thanks to a nine-day surge that has added more than $100-billion (U.S.) in market value. A Bloomberg dispatch to the Post reports that recent positive news has boosted investor confidence that Intel could achieve a significant turnaround after years of underperformance amid concerns about losing its semiconductor manufacturing edge. Shares just posted their best week since January, 2020, and have soared 53 per cent in nine sessions, including Monday. This is the most on record for any similar stretch of trading -- quite the feat for a company that went public in 1971. Great Hill Capital's Thomas Hayes says, "It is clearly no longer on life support." The latest run of gains was sparked by an early April announcement that Intel had agreed to pay $14.2-billion (U.S.) to buy back half of a plant in Ireland from Apollo Global Management. The move was seen as proof that Intel is making progress in its turnaround. Mr. Hayes says, "It sees itself in expansion mode, not survival mode." Shares rose 3.1 per cent on Monday. Bloomberg notes that the stock is still down about 8 per cent from its 2020 high.