Intel Stock Hits All-Time High After Preliminary Chip Deal With Apple
60-second summary
Intel stock surges above $130, hitting an all-time high after a preliminary chip manufacturing agreement with Apple is announced, backed by a White House push. The deal is expected to boost Intel's revenue and strengthen its position in the semiconductor industry. This development has significant implications for the tech sector, potentially reshaping global chip production.
A preliminary Apple-Intel manufacturing agreement—backed by a White House push—sent Intel stock above $130 on Friday.