"Shares of Intel Corporation stock rose over 13% on news that Apple is considering using the chipmaker, along with Samsung Electronics, to produce processors for its devices in the U.S. The stock hit an all-time high above $100 a share."
"Outgoing Apple CEO Tim Cook described the company's recent performance as its 'best March quarter ever,' with revenue reaching $111.2 billion and 'double-digit growth across every geographic segment.'"
"Intel's gains mark a 55 year-high for the tech stock, which jumped 114% last month and is up a whopping 200% year-to-date, with a market cap of $542.9 billion."
Intel Corporation's stock rose over 13% following news that Apple is considering using Intel and Samsung for processor production in the U.S. The stock reached an all-time high above $100. Apple shares increased slightly after strong earnings driven by high demand for the iPhone 17. This potential partnership could reduce Apple's reliance on Taiwan Semiconductor Manufacturing Co. Intel's stock has seen a remarkable turnaround, with a 200% increase year-to-date and a market cap of $542.9 billion.
Read at Fast Company
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