Intel stock today: Intel stock soars over 8% today on report Apple in early talks to invest in the chipmaker after Nvidia and Softbank

Intel stock surged more than 8% on Thursday after reports surfaced that Apple had been in early talks with the struggling chipmaker about a potential investment.

Intel stock jumps over 8% after Apple investment talks emerge

The stock had jumped more than 6% on Wednesday, closing at $31.22 in New York, and climbed another 4% in premarket trading on Thursday as the rally followed Bloomberg’s report that Apple and Intel have been discussing not only a financial stake but also ways to work more closely together.

The discussions are still at an early stage and may not result in a deal, as per the report. But the mere possibility of Apple, a longtime Intel customer that has since shifted to in-house processors, putting money into Intel has fueled investor optimism.

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Nvidia and SoftBank already betting big on Intel

The buzz comes on the heels of other big-name endorsements. Just last week, Nvidia announced a $5 billion investment in Intel, with plans to collaborate on chips for PCs and data centers. In August, Japan’s SoftBank Group poured in $2 billion as part of its broader US tech push.

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Intel CEO Lip-Bu Tan, who is steering the company’s comeback bid, has been seeking high-profile partners after the US government took a roughly 10% stake earlier this year. Washington sees Intel as a critical piece in its effort to revive domestic semiconductor manufacturing.ALSO READ: Popular brewpub Iron Hill Brewery shuts down all locations overnight — files for bankruptcy

Apple doubles down on US manufacturing investments

Apple’s involvement would carry symbolic weight. The company famously relied on Intel processors for its Macs for years before moving to its own custom chips in 2020. Even if it doesn’t return as a direct customer, an investment would signal confidence in Intel’s foundry ambitions, the business of making chips for outside companies.

The iPhone maker has been doubling down on US production, pledging $600 billion in domestic investments over four years. CEO Tim Cook recently said, “We’d love to see Intel come back,” highlighting how competition could strengthen the chip industry, as per the Bloomberg report.

Intel, once the undisputed leader in semiconductors, has been playing catch-up after losing ground to rivals like AMD and Nvidia, as per the report. Despite financial backing and renewed investor optimism, it still faces hurdles ranging from delayed factory projects to missed opportunities in the booming AI sector.

FAQs

Why did Intel stock go up today?
Intel stock rose after reports that Apple is in early talks about a potential investment.

Is Apple really investing in Intel?
Talks are still early, and no deal is guaranteed, as per the Bloomberg report.

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