Apple in talks to add Intel
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The optimism and bull case is difficult to discount. Intel appointed Lip-Bu Tan as its new CEO in early 2025. Since then, Tan has focused on cost-cutting and efficient execution. Intel's data center revenue also grew 22% in the first quarter of 2026 compared to the same period last year.
The jump comes on reports that Apple is discussing using Intel chips for its U.S. devices and follows a historic 114% surge last month.
All told, it's unsurprising that Intel's stock is surging on the news. Apple would be the crown jewel of its fledgling foundry operations, which would benefit not just from the tech leader's potentially massive chip orders but also the vote of confidence they would imply to other chip designers.
Intel is on track to surpass its record market-cap level achieved back in 2000, with enthusiasm building over the potential for a partnership with Apple.
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Intel (NASDAQ:INTC | INTC Price Prediction) is the chip story everyone is shouting about, with the stock up 159.57% year to date on a Lip-Bu Tan turnaround narrative wrapped around AI inference and a NVIDIA DGX Rubin host CPU win.
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