Intel Shares Surge on Rumors of Apple Partnership
Intel's stock soared over 10% during Friday's shortened trading session, leading gains on the S&P 500 and Nasdaq. The rally followed speculation that Apple could become a new customer for the chipmaker, with TF International Securities analyst Ming-Chi Kuo suggesting Intel might start shipping processors to Apple as early as 2027.
A potential deal with Apple WOULD mark a significant turnaround for Intel, which has faced skepticism about its manufacturing business despite recent high-profile partnerships, including one with Nvidia. Intel shares have doubled in value this year, though they remain below historical highs.
Neither Apple nor Intel responded to requests for comment, leaving the market to weigh the implications of what could be a transformative partnership for both companies.
