Intel rally gains momentum on unconfirmed Apple partnership and optimistic tech outlook

Intel’s stock surged further after President Trump claimed Apple will collaborate on US-based chip manufacturing, boosting investor confidence amid advances in its technological roadmap and leadership ambitions.

Intel’s sharp recent rally continued in pre-market trade after President Donald Trump said on Truth Social that Apple had agreed to work with the chipmaker on designing and building semiconductors in the United States. The claim sent Intel shares higher on Thursday, although neither company has publicly confirmed the terms of any deal, leaving investors to price in a partnership that remains unverified.

The move added to a burst of enthusiasm that has lifted Intel’s valuation in recent sessions. According to reports from PC Gamer, MacRumors and Tom’s Hardware, the announcement was enough to spark a double-digit jump in the stock as traders bet that a tie-up with Apple could deepen Intel’s role in domestic chip manufacturing and broaden its business beyond its recent struggles.

Wall Street has also been encouraged by a more optimistic read-through on Intel’s technology roadmap. Mizuho raised its price target to $135 from $128 while keeping a Neutral rating, pointing to Intel’s EMIB-T and Foveros advanced packaging systems as possible long-term growth engines. Tom’s Hardware has reported that EMIB-T is due to move towards fabrication rollout this year, at a time when TSMC’s CoWoS capacity remains under pressure from heavy AI demand.

Chief executive Lip-Bu Tan has further fuelled hopes for a turnaround. Speaking on the “No Priors” podcast, he said his ambition was to generate a tenfold return for shareholders over the next five to ten years. Since taking over early last year, Tan has helped revive interest in Intel, with backing from Nvidia and the Trump administration adding to the sense that the company may be regaining strategic relevance in the semiconductor sector.

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Source: Fuse Wire Services