Intel’s Strategic Buzz: INTC Stock Soars 20% on Apple and TSMC Rumors, $37 Next
Following a steep decline last week, Intel's stock rose strongly this week as renewed investor backing and rumors of a possible Apple...
Quick overview
- Intel's shares surged over 10% after news of a potential partnership with Apple, signaling renewed investor optimism.
- The stock's rebound follows a previous decline, with support from positive market outlooks and government backing.
- Intel's strategic moves, including a focus on core manufacturing and government investment, bolster its position in the semiconductor industry.
- Despite recent gains, technical challenges remain as the stock tests key resistance levels.
Live INTC Chart
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Following a steep decline last week, Intel’s stock rose strongly this week as renewed investor backing and rumors of a possible Apple alliance stoked hope for the chipmaker’s recovery.
Intel Rebounds on Apple Investment Buzz
Intel’s stock (NASDAQ: INTC) jumped over 10% in after-hours trading, topping $34 on Thursday after news emerged that the company had approached Apple (AAPL) for a potential strategic investment. The announcement, still in preliminary stages according to Intel’s press statement, signaled the chipmaker’s push to re-establish its relevance in the global semiconductor landscape.
Intel Eyes Strategic Alliances to Boost Comeback
Intel is reportedly exploring new partnerships to accelerate its turnaround strategy. Sources say CEO Lip-Bu Tan is seeking fresh investments and support to drive the company’s revival plan as it works to regain lost market share in the global chip industry.
The talks include potential collaboration or investment with major players like Apple and Taiwan Semiconductor (TSMC). These partnerships could bring much-needed funding, advanced manufacturing support, and faster innovation—key factors for Intel’s push to reclaim its competitive edge.
Investor Sentiment Revives Despite Past Setbacks
The rally marks a strong reversal from last week’s slide, when Intel fell below $29 after briefly touching $33 earlier in the month. Support returned earlier this week as the stock climbed above $31, helped by Micron’s upbeat PC and server outlook, which reinforced confidence in key markets for Intel’s chips.
Investor optimism had already been buoyed by U.S. government support, ongoing development of the 18A node technology, and a series of strategic moves, including Intel’s sale of its Altera stake—an effort to sharpen its focus on core manufacturing.
Technical Picture: Testing Key Resistance Levels
On the charts, Intel’s rebound reflects a break from its prolonged sideways range, and today the $32.50 level was broken. Now the next resistance comes at $37 where the 50 monthly SMA (yellow) stands.
INTC Chart Monthly – Buyers Pushed Above the MAs
Strategic and Policy Tailwinds
Intel’s pivotal role in U.S. technology policy continues to fuel investor enthusiasm. Under the CHIPS Act and Secure Enclave program, Washington acquired a 9.9% stake worth $8.9 billion, underscoring the government’s aim to strengthen domestic chipmaking. CEO Lip-Bu Tan emphasized Intel’s unique position as the only U.S. player with cutting-edge manufacturing and logic R&D, critical to both national security and the supply chain.
Private Capital Boosts Momentum
Further confidence came from SoftBank’s $2 billion share purchase at $23, triggering a 23% surge—the stock’s biggest weekly rally since spring. However, the inability to sustain that breakout highlights ongoing technical headwinds and investor caution despite these strong endorsements.
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