INTC Stock Jumps 45% Monthly on Hopes of Apple Partnership, Nvidia Investments
This week saw a significant increase in Intel's shares as optimism for a turnaround was rekindled by rumors of a possible Apple partnership
Quick overview
- Intel's stock surged 20% this week, closing at $36.30, fueled by speculation of potential partnerships with Apple and Nvidia.
- The company is exploring strategic alliances to regain market share, with discussions reportedly including Apple and TSMC.
- Investor confidence has rebounded, supported by positive outlooks in the PC and server markets and U.S. government funding under the CHIPS Act.
- Technical analysis indicates that surpassing the $37.50 resistance level could confirm stronger bullish momentum for Intel.
Live INTC Chart
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This week saw a significant increase in Intel’s shares as optimism for a turnaround was rekindled by rumors of a possible Apple partnership and fresh support from investors like Nvidia.
Intel Soars on Speculation of Apple Deal
After tumbling last week, Intel (NASDAQ: INTC) rallied 20% this week, closing at $36.30 on Friday. The surge followed reports that Intel had approached Apple (AAPL) and Nvidia for potential strategic investments—an early-stage move that highlights the company’s push to reassert itself in the fiercely competitive semiconductor market.
INTC Chart Monthly – Trend Reversal in the 50 SMA Breaks
Intel’s statement confirmed that the discussions remain preliminary but underscored its commitment to forging partnerships that could accelerate its recovery.
Reviving Growth Through Strategic Partnerships
Intel’s leadership under CEO Lip-Bu Tan is aggressively exploring alliances to help regain lost market share. Talks reportedly include Apple and Taiwan Semiconductor (TSMC) for possible investments or manufacturing collaborations. Such deals could secure vital funding, advanced production capabilities, and stronger innovation pipelines—key components of Intel’s broader revival plan.
Investor Confidence Rebounds Despite Setbacks
This week’s rally reversed the previous week’s slump that had dragged the stock below $29 after briefly peaking at $33 earlier in the month. Sentiment improved as Intel regained $31 midweek, supported by Micron’s optimistic PC and server demand outlook, which bolstered confidence in Intel’s core markets. U.S. government funding under the CHIPS Act and the development of its next-generation 18A node technology have also reassured investors of Intel’s long-term prospects.
Technical Picture and Resistance Ahead
On the charts, Intel closed at $35.50, breaking out of a prolonged sideways trend. The next significant resistance lies near $37.50 at the 50-month SMA, following a robust 45% monthly surge in September. Analysts note that surpassing this level could confirm a stronger bullish momentum, although volatility may persist as traders lock in profits.
Policy Support and Private Capital Fuel Optimism
Government involvement remains a crucial tailwind. Under the CHIPS Act and Secure Enclave initiative, Washington secured a 9.9% stake valued at $8.9 billion—highlighting Intel’s strategic importance to U.S. national security and domestic chipmaking.
Investor morale has also been buoyed by SoftBank’s earlier $2 billion investment at $23 a share, which sparked a 23% surge earlier this year. However, sustaining this momentum remains a challenge as technical barriers and cautious sentiment linger.
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