Intel Hits All-Time High on Apple Chip Talks Report

Intel shares rocketed 14% to a new all-time high on Tuesday after CNBC reported that Apple is exploring a shift toward domestically sourced processors. The Intel Apple chip talks, also cited by Bloomberg, involve both Intel and Samsung as potential suppliers of main processors for Apple’s US-market devices.

A Historic Rally Gets Another Leg Up

Tuesday’s move extends what has already been a remarkable stretch for the Santa Clara chipmaker. Intel’s stock surged 114% in April alone, its strongest monthly performance across its 55 years on the Nasdaq. That rally pushed the company’s market capitalisation above $470 billion. The latest gain piles further momentum onto that already extraordinary run.

Apple has long depended on chips produced by Taiwan Semiconductor Manufacturing Co. Any shift toward Intel or Samsung would represent a significant realignment of its supply chain. Neither Intel nor Samsung commented on the report. Apple did not respond to requests for comment.

AI Demand and Key Partnerships Powered April’s Surge

Several strategic moves underpinned the April rally. Intel announced an expanded collaboration with Google during the month. The company also confirmed plans to participate in Elon Musk‘s Terafab manufacturing project. Additionally, Intel said it would buy back the 49% stake it did not already own in its Fab 34 facility in Ireland for $14.2 billion.

Artificial intelligence has also revived institutional interest in Intel’s core products. Chief Executive Lip-Bu Tan described the company’s central processing units as an essential building block of the AI era during Intel’s first-quarter earnings call.

From Turnaround Story to Market Darling

The current rally marks a striking reversal for a company that spent much of the past two years struggling to compete in the AI chip race. Manufacturing delays eroded confidence and weighed heavily on the stock. The turnaround began last August when the US government acquired a 10% stake in Intel, committing $8.9 billion to the chipmaker. Nvidia then announced a $5 billion investment in September, further boosting sentiment. Intel shares are now up more than 330% since that government investment was disclosed.

President Donald Trump took to Truth Social last week to claim credit for the stock’s climb, citing gains he attributed to the government’s position in the company.

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