Intel’s stock jumped 13% today over Apple chip manufacturing report
Airfind news item
By Marcus Mendes
Published on May 6, 2026.
Intel's stock rose by 13% following a Bloomberg report that Apple is considering Intel and Samsung Electronics as potential manufacturing partners for future device chips. The news led to a 13% increase in Intel's stock, which closed at $108.18 with a record market cap of $543.71 billion. The report also highlighted Apple's potential to diversify its core device chip production beyond TSMC. The gains extend Intel's remarkable comeback since its CEO, Richard Tan, took over from interim co-CEOs David Zinsner and Michelle Johnston Holthaus. The company has seen revenue growth and increased demand for its core CPU business, particularly as AI infrastructure spending expands beyond GPUs.
Read Original Article