INTC Stock Eyes $150 as Trump Announces Intel-Apple Partnership to Build Chips in t US
The company's stock surged to a new record high after President Trump announced a historic chip manufacturing partnership with Apple, rekindling interest in Intel's long-term foundry objectives.
Quick overview
- Intel shares reached a record high of over $135 following President Trump's announcement of a partnership with Apple for domestic chip manufacturing.
- The partnership is seen as a significant boost for Intel's foundry business and aligns with efforts to strengthen U.S. semiconductor production.
- Despite recent volatility, investor confidence in Intel's turnaround strategy has increased, with potential interest from other major tech companies like Google and Nvidia.
- Challenges remain for Intel, including competition from Nvidia and AMD, as well as broader macroeconomic risks affecting the semiconductor industry.
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The company’s stock surged to a new record high after President Trump announced a historic chip manufacturing partnership with Apple, rekindling interest in Intel’s long-term foundry objectives.
Apple Partnership Fuels Powerful Breakout
Intel shares climbed to a new record high on Thursday, rising above $135 after President Trump announced that Apple will partner with Intel to design and manufacture chips in the United States. The announcement sparked a sharp rally of more than 10%, allowing the stock to recover quickly from the volatility seen earlier in the week and pushing investor optimism surrounding Intel’s turnaround strategy to new highs.
In a post on Truth Social, President Trump stated that “Apple has agreed to work with Intel to design and build its chips in America,” describing the agreement as a major step toward expanding domestic semiconductor manufacturing and reducing reliance on overseas production.
The news represents a significant boost for Intel’s foundry business, which has become the centerpiece of the company’s long-term recovery plan. The partnership also gives Apple an opportunity to diversify its manufacturing base beyond Taiwan Semiconductor Manufacturing Company (TSMC), reducing supply chain concentration while supporting U.S. semiconductor production.
Sharp Reversal Follows Earlier Volatility
The record-breaking move comes only days after Intel experienced significant price swings.
Earlier in the week, shares rallied toward $133 as improving market sentiment lifted semiconductor stocks. However, that advance stalled near resistance, and the stock quickly reversed, falling more than 8% below the $120 level as investors took profits and reassessed broader market risks.
Thursday’s gap higher completely reversed those losses, with buyers aggressively returning after the Apple announcement. The move reinforced confidence that Intel’s foundry strategy is beginning to attract the type of high-profile customers investors have been waiting to see.
Foundry Business Becomes Centerpiece of Turnaround
The reported agreement builds on discussions between Apple and Intel that have been underway for more than a year.
Intel has invested heavily in transforming itself into a leading contract chip manufacturer capable of producing advanced semiconductors for third-party customers. Winning Apple as a foundry client would represent one of the largest endorsements of that strategy and could encourage additional customers to consider Intel’s manufacturing capabilities.
The partnership also aligns with broader efforts to strengthen domestic semiconductor production as governments and technology companies seek to reduce geopolitical supply chain risks.
Technology Roadmap Continues to Progress
Beyond the Apple announcement, Intel continues making progress on its manufacturing roadmap.
During the 2026 VLSI Symposium, the company showcased improvements to its Intel 18A and Intel 18A-P manufacturing technologies, highlighting better performance, lower power consumption, improved thermal efficiency, and reduced electrical resistance.
Intel also confirmed that the 18A-P process has entered risk production, an important milestone that keeps the company’s manufacturing roadmap on schedule.
Although these technical achievements previously generated only modest investor enthusiasm, the Apple partnership has shifted attention toward the commercial potential of Intel’s expanding foundry business.
INTC Chart Daily – Off to New Highs
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, despite the recent pullback. The $100 zone held as support three weeks ago, helped by the 20 daily SMA but was eventually broken and INTC stock slipped below the $100 level, and the 20 SMA turned into resistance last week. Last week we saw a decent jump and today we’re seeing a new record high above $135.
Long-Term Customer Pipeline Continues to Grow
Intel’s long-term outlook has also benefited from reports suggesting additional interest from major technology companies.
Industry reports indicate that Google could eventually manufacture future Tensor Processing Units through Intel’s foundry operations later this decade. There have also been indications that Nvidia is evaluating Intel’s advanced packaging technologies for potential future projects.
While none of these opportunities have yet translated into confirmed large-scale production agreements, they reinforce the view that Intel is becoming an increasingly credible alternative to established contract manufacturers.
Combined with the Apple announcement, these developments strengthen expectations that Intel’s foundry business could evolve into a meaningful long-term revenue driver.
Challenges Still Remain
Despite the sharp rally, Intel continues to face significant competitive challenges.
Nvidia remains the dominant force in AI accelerators, while AMD continues expanding its presence across server processors and high-performance computing. At the same time, Arm-based architectures are steadily gaining market share among hyperscale cloud providers seeking greater energy efficiency.
Broader macroeconomic risks also remain. Although investors largely shrugged off the Federal Reserve’s hawkish policy stance following its latest meeting, elevated interest rates, ongoing trade tensions, and geopolitical uncertainty continue to present challenges for the semiconductor industry.
Nevertheless, Thursday’s announcement has materially strengthened investor confidence in Intel’s turnaround story. With a marquee customer potentially validating its manufacturing strategy, markets are increasingly viewing Intel as a company capable of rebuilding its competitive position through its foundry business while expanding its role in the next generation of semiconductor production.
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
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