Why Intel Stock Is Hitting A Record High As Apple Chip Talks Lift INTC
Intel shares surged nearly 14% Tuesday, hitting a record $110.43, after reports Apple held talks to use Intel’s U.S. factories for main processors. Trading volume topped 92 million shares. Reuters said discussions with Apple and Samsung remain exploratory, with no orders placed. Intel’s Data Center and AI revenue rose 22% to $5.1 billion last quarter, but its foundry unit posted a $2.4 billion loss.