Intel Corporation ($INTC) reported its earnings on October 31, 2024, after market hours, leading to a significant market reaction. The stock experienced an implied move of ±9.3% prior to the announcement. Following the earnings release, $INTC surged by 16%, marking a notable rally not seen since at least 2001, when the company last reacted similarly to an earnings report. Analysts and market observers expressed surprise at this movement, indicating a potential shift in the company's performance trajectory.