Intel Stock Jumps on Report of Preliminary Apple Chip-Making Deal

Intel shares surged on Friday after reports said the company reached a preliminary agreement with Apple to manufacture some of the chips used in iPhone maker's devices. The Wall Street Journal reported that the two companies had been in talks for more than a year and had finalized a formal agreement in recent months.

The report sent Intel stock sharply higher, with shares rising about 8% and hitting a fresh all-time high of $118.75. Other reports also said the stock was up 17% on Friday as investors reacted to the possibility of a closer partnership.

The rally added to Intel's strong recent run, which has been fueled by investor optimism around its turnaround strategy and its position in artificial intelligence. Some market commentary also noted that demand for CPUs is rising as the AI race expands beyond chatbots to agents.

Intel's move higher came even as some investors warned that the stock's rapid climb could leave it vulnerable to a pullback.

Intel shares jumped after a report said the company had reached a preliminary deal with Apple to make some of the chips used in Apple devices.

No. The news came from a Wall Street Journal report citing people familiar with the matter.

Intel shares hit a fresh all-time high of $118.75.

Investors are also optimistic about Intel's turnaround plan and its role in artificial intelligence.

24/7 Wall Street

I'll cut to the chase. Intel (NASDAQ: INTC | INTC Price Prediction) has been one of the most extraordinary turnaround stories of the past year, with shares up 466.75% over the trailing 12 months and 206.26% year to date.

Benzinga

Intel Corporation (NASDAQ:INTC) shares are trading sideways on Friday. This comes after an epic rally.

Invezz

Shares of Intel (INTC) surged around 8% in on Friday, hitting a fresh all-time high of $118.75. Investors continued to pile into the semiconductor giant amid growing optimism around its turnaround strategy and artificial intelligence positioning.

Investors Business Daily

Many technology stocks have already climbed 20% or more from their most recent buy points.

Reuters

Apple and Intel have ‌reached a preliminary agreement for Intel to manufacture some of the chips that power the iPhone maker's devices, the Wall ⁠Street Journal reported on Friday, citing people familiar with the matter.

Invezz

Shares of Intel surged sharply on Friday after a report said the company had reached a preliminary agreement with Apple to manufacture some of the chips used in the iPhone maker's devices. According to a Wall Street Journal report citing people familiar with the matter, Apple and Intel had been enga...

Investopedia

Intel is closing the week on a rocket ride.

Market Watch

Intel is in the midst of transforming its business, with shares up 17% on Friday following a fresh sign of a future Apple manufacturing partnership.

CNBC

Demand for CPUs is skyrocketing as the AI race moves from chatbots to agents. While Nvidia dominated the early years of the AI infrastructure boom, the wealth is now being spread to Intel and AMD as well as memory makers like Micron.

Bloomberg Markets and Finance

After Lip-Bu Tan became chief executive officer of Intel Corp. in March of last year, the struggling company's shares went nowhere for seven months while the chipmaker was getting trounced in the market for artificial intelligence. But after forging ties to the world's biggest tech titans — and winn...

CNBC

Apple and Intel have reportedly reached a preliminary agreement that would see Intel make some chips for Apple devices. If completed, the deal would be the most notable vote of confidence yet for Intel's once-struggling chip foundry business.

Yahoo Finance

May 8th, 2026 Market Domination Overtime Grenadilla Advisory Founder & CEO Anna Rathbun joins Josh Lipton to discuss navigating the markets during this artificial intelligence (AI) fueled economy. Chapters 00:00 Why AI stocks keep pushing markets higher 02:22 What the jobs report means for investors...

24/7 Wall Street

If you are a retirement-focused investor staring at Arm Holdings (NASDAQ:ARM | ARM Price Prediction) and Intel (NASDAQ:INTC) after both stocks have torn higher, the question is simple: Which one belongs in a portfolio built to preserve capital and compound steadily?

Schwab Network

AMD Inc. (AMD) shares skyrocketed to new heights as the AI chipmaker surpassed earnings expectations in its latest report. George Tsilis goes under the hood and provides his insights on the print.

The Motley Fool

Intel's first-quarter revenue rose 7% year over year, marking its sixth consecutive quarter of beating its own forecast. The chipmaker's data center and AI segment grew 22% year over year in Q1 Following an enormous rally, shares now trade at a forward price-to-earnings ratio well over 100.

TechCrunch

Bloomberg has a deep dive this week into how Intel CEO Lip-Bu Tan is trying to rescue one of Silicon Valley's most storied, and stumbling, chipmakers. It's worth a read, but it actually undersells the most jaw-dropping part of the story: Intel's stock has risen a stunning 490% over the past year, a...

WSJ

Soaring profits have investors pouring into shares of CPU, GPU and memory-chip companies.

Finbold

Intel (NASDAQ: INTC) stock remains one of the emerging winners on Wall Street, though analysts are projecting a more cautious outlook for the semiconductor giant over the next 12 months.

WSJ

Plus, the hearing-walking correlation, Greg Brockman's diary, Anthropic's ‘Perfect Wingman' and code-whispering.

Barrons

Intel stock was gaining on a report it could be lining up another major customer for its chip-manufacturing unit.

Benzinga

Q1 earnings growth tracking +28%, the strongest since 2021. Berkshire's first quarter without Buffett ended at $397B in cash.

Zacks Investment Research

Zacks.com users have recently been watching Intel (INTC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Invezz

Investors continue to cheer Intel Corp (NASDAQ: INTC) following reports of its preliminary chip manufacturing agreement with Apple Inc (NASDAQ: AAPL). This marks a seismic shift for Intel Foundry – suggesting the semiconductor giant is about to sign on a high-volume, high-profile mobile customer it...

Market Watch

The company is reportedly working with South Korea's SK Hynix on new chip-packaging technology.

Barrons

Qualcomm stock surged Monday and is on pace for its first record close since 2024 as enthusiasm around AI chips and data-center demand continues to build.

Proactive Investors

Apple Inc (NASDAQ:AAPL, XETRA:APC) and Intel Corp (NASDAQ:INTC, XETRA:INL) have reportedly reached a preliminary chipmaking agreement that Wedbush analysts see as “a clear positive for Intel,” while also raising questions about what it signals for Intel's next-generation manufacturing roadmap. The W...

Barrons

Semiconductor stocks have soared on the back of undying chip demand.

Invezz

Shares of Intel (INTC) rose on Monday amid growing optimism that the chipmaker could secure a significant new customer for its semiconductor packaging technology, strengthening investor confidence in the company's foundry ambitions. Intel stock climbed 3% to $128.76 in afternoon trading, extending a...

Investopedia

Intel stock keeps climbing to record highs. This week's driver: reports that it might soon land a deal to make chips for Apple. The possibility of a big client for Intel's foundry business has enticed investors to extend a dramatic upward run for the chipmaker's shares.

Investopedia

Traders are betting on some big moves for Intel's stock that could extend its record-setting rally.

Invezz

Intel stock's (NASDAQ: INTC) comeback has been one of the year's biggest market surprises. The stock was trading around $129 on Tuesday, after briefly touching an intraday high of $133.48, and it had already closed at a record $124.92 on Friday.