According to market reports, Intel stock surged as much as 19% on Friday after reports that Apple reached a preliminary agreement with the chipmaker to produce some chips for future devices. The move lifted the value of the U.S. government’s 10% Intel stake from approximately $8.9 billion when acquired in August 2025 to about $56.5 billion, representing a gain of roughly $47.6 billion in less than eight months.
Intel shares traded above $120, extending a 2026 rally that has taken the stock up more than 240% year to date. The company reported first-quarter revenue of $13.6 billion, up 7% year-over-year, with Data Center and AI revenue rising 22% to $5.05 billion, exceeding analyst expectations.
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