Apple, Intel
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Intel shares pop on reports that Apple has held exploratory discussions to use its foundry services. Barchart’s data suggests significant further upside in INTC stock.
Intel is on track to surpass its record market-cap level achieved back in 2000, with enthusiasm building over the potential for a partnership with Apple.
All told, it's unsurprising that Intel's stock is surging on the news. Apple would be the crown jewel of its fledgling foundry operations, which would benefit not just from the tech leader's potentially massive chip orders but also the vote of confidence they would imply to other chip designers.
Intel shares soared to a fresh high Tuesday following a report that Apple held early talks with the chipmaker.
Intel (NASDAQ:INTC | INTC Price Prediction) is the chip story everyone is shouting about, with the stock up 159.57% year to date on a Lip-Bu Tan turnaround narrative wrapped around AI inference and a NVIDIA DGX Rubin host CPU win.
Options traders can't get enough of semiconductor stocks.
Tech veteran Intel (NASDAQ: INTC) has been an amazing turnaround story after initially struggling to capitalize on the arrival of artificial intelligence. Its stock has risen more
Dutch startup QuantWare is raising €152 million ($178 million) in a round led by Intel Corp.’s venture capital arm to build a production facility for quantum computing processors.