Intel’s Stock Surge
Intel’s shares (NASDAQ: INTC) saw a substantial increase of up to 11.8% on Thursday, settling at a 7.1% gain as of 10:46 PM ET. This rise follows reports that Intel may have secured a significant deal with a major technology player.
Potential Collaboration and Market Impact
Unconfirmed reports suggest that Apple has engaged in discussions with Intel to manufacture processors for its devices, with former President Trump claiming that Apple has agreed to collaborate with Intel on chip design in the U.S. Meanwhile, another report indicates that Alphabet has placed an order for 3 million Tensor Processing Units (TPUs) from Intel, further fueling investor interest. Despite a notable 257% increase in stock price so far in 2026, Intel’s current valuation at 122 times forward earnings raises concerns about sustainability and financial performance.
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