Intel stock rose 1.38% to $98.54 after Altera filed a confidential draft Form S-1 registration statement with the SEC (U.S. securities regulator) for a proposed initial public offering. The filing advances Altera's return to public markets, although the company has not disclosed the number of shares, offering price or listing timetable, and regulatory review remains pending. Intel sold control of Altera to Silver Lake one year ago in a transaction that valued the programmable-chip maker at $8.75 billion, while retaining a 49% minority stake. Middle Eastern state fund MGX later joined Silver Lake as a co-investor. Altera develops field-programmable gate arrays, or FPGAs (reprogrammable chips), used in artificial intelligence infrastructure, industrial automation, robotics and defense systems. The proposed listing would give Altera a separate public-market structure and potentially establish a public valuation for the company. It also supports Intel's broader restructuring, including asset sales, operational changes, liquidity efforts and investment in its foundry business, while allowing Intel to retain value from its remaining ownership. The final ownership structure will depend on the shares offered and transaction terms. Intel shares remained above $98 during the session, with $100 serving as the next visible resistance level.