While the company has mostly played the role of the aging laggard in the artificial intelligence (AI) boom, this week's developments were a reminder that the stock has a number of assets that are arguably undervalued. According to data from S&P Global Market Intelligence, the stock was up 26% for the week as of Thursday's close.

Intel early Friday was on track to notch its best weeklong stretch in nearly 40 years before the rally sputtered.

Intel (INTC) stock extended its rally into a fourth day on Thursday morning, surging more than 8% to trade above $24 per share. The legacy chip maker is now up more than 20% so far this year — compared to a dip of about 1.