INTC Stock Soars Toward $150 on Apple Talks, Tesla Adoption, and Foundry Strategy

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Intel shares surged above $125 as strong earnings, growing chip demand, and reports of major partnerships with Apple, Tesla, and Alphabet boosted confidence in the company’s turnaround strategy.

Intel Rally Gains Momentum

Shares of Intel Corporation continued their powerful recovery on Friday, climbing above $125 as investors embraced what is increasingly being viewed as one of the strongest turnaround stories in the semiconductor sector.

The stock has rallied sharply in recent weeks as a combination of improving fundamentals, strategic partnerships, and renewed optimism around Intel’s foundry ambitions helped shift market sentiment decisively higher. The latest move now places the stock on a path toward the psychologically important $150 level.

Apple Partnership Reports Drive Excitement

A major catalyst behind the rally was a report suggesting that Apple Inc. is holding preliminary discussions with Intel regarding a potential foundry partnership.

Such an agreement would mark a major breakthrough for Intel’s manufacturing business, which has spent years attempting to establish itself as a credible alternative to Taiwan Semiconductor Manufacturing Company.

Apple currently relies heavily on TSMC for the production of its custom-designed chips. Bringing Apple into Intel’s ecosystem would not only diversify Apple’s supply chain but also provide a major validation of Intel’s manufacturing capabilities.

For investors, the reports reinforced confidence that Intel’s long-term foundry strategy may finally be gaining traction.

Partnerships Strengthen Outlook

Speculation surrounding Intel’s role in future AI infrastructure has also contributed to the recent momentum.

Reports suggest that Alphabet Inc. could adopt Intel’s advanced EMIB chip-packaging technology for future processors tied to AI workloads. If confirmed, such a move would strengthen Intel’s position within high-performance computing and advanced semiconductor packaging.

At the same time, investor optimism increased after reports that Tesla, Inc. adopted Intel’s 14A manufacturing process for future chip development.

These developments suggest that Intel’s next-generation technologies are beginning to attract interest from some of the world’s largest technology companies, helping restore confidence in its competitiveness.

Improving Demand Supports Recovery

Beyond partnership speculation, Intel is also benefiting from improving conditions in the broader semiconductor market.

Demand for CPUs has strengthened as enterprise spending and AI-related infrastructure investment continue recovering. After years of losing market share to Advanced Micro Devices, Inc., Intel is now showing signs of operational stabilization and better execution.

Support from U.S. semiconductor initiatives and government-backed manufacturing incentives has also improved investor sentiment around the company’s domestic production strategy.

INTC Chart Weekly – Finally Breaching $100

The speed of the upside move and the clear break above $100 indicates that investors are increasingly willing to accumulate shares at perceived value levels. While sustained upside momentum will require further confirmation, the structure has improved meaningfully.

With broader semiconductor sentiment improving, Intel’s long-term trend still points toward a potential move toward the $150 region if execution remains consistent.

Intel Q1 Earnings Report

• Intel reported Q1 revenue of $13.6 billion, up 7% year-over-year, broadly in line with expectations.
• The key upside surprise came from earnings, with EPS at $0.29 versus just $0.01 expected by the Street, marking a significant bottom-line beat.
• Strong Q2 guidance was the main catalyst, with revenue projected as high as $14.8 billion and EPS at $0.20, both well above analyst forecasts.
• Management’s outlook suggests its multi-year foundry turnaround and AI PC strategy are gaining traction.
• Progress on Intel’s 18A process node emerged as a major bullish signal, transitioning from development into a commercial growth driver.
• CEO Lip-Bu Tan emphasized that the shift toward “agentic AI” is increasing demand for advanced CPUs and wafer packaging technologies.
• Data Center and AI revenue jumped 22% year-over-year to $5.05 billion, beating expectations of $4.41 billion.

The strong performance in chip-related segments highlights accelerating demand tied to next-generation computing workloads.

Turnaround Story Faces Critical Test

Despite the strong rally, Intel still faces significant challenges as it attempts to fully rebuild its competitive position.

The semiconductor industry remains highly competitive, particularly in AI accelerators and advanced manufacturing, where rivals continue investing aggressively. Intel must also prove that its foundry strategy can generate consistent large-scale customer adoption and sustainable profitability over time.

Still, the recent surge suggests investors are increasingly willing to believe that Intel’s recovery is moving beyond speculation and beginning to show tangible progress.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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