Intel stock surges over 8% on renewed chip demand and potential Apple tie-up

Intel’s stock jumped 8% after a bullish analyst note about possible Apple chip supply and revived demand for its chips, boosting investor confidence.

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Intel stock surges over 8% on renewed chip demand and potential Apple tie-up

Intel stock surges over 8% on renewed chip demand and potential Apple tie-up
Intel shares rose more than 8% on Black Friday after a report from analyst Ming‑Chi Kuo suggested Intel could supply advanced-node chips to Apple starting 2027. The optimism around renewed chip demand and foundry prospects boosted investor sentiment. The move reflects rising expectations for Intel’s turnaround and foundry business revival. 
Companies:
  • Intel
  • Apple
Tags:
  • Intel
  • INTC