Intel’s stock surged to a new record high today, reaching $110.48 during trading before closing at $108.18, resulting in a market capitalization of $543.71 billion. This remarkable increase comes in the wake of a Bloomberg report indicating that Apple is considering Intel and Samsung Electronics as potential partners for manufacturing future device chips, aiming to reduce its reliance on TSMC.
Despite concerns about reliability and the possibility that Apple may not proceed with a partnership, the news significantly impacted Intel's stock performance. Over the past year, Intel's shares have rebounded dramatically from a low of $18.96, showing a remarkable increase of 433% year-over-year and 174% in 2026 alone, further boosted by after-hours trading gains of 4.76%.
The turnaround in Intel's fortunes has been attributed to CEO Pat Gelsinger's departure and the subsequent leadership of CEO Tan, who implemented strategies that restored revenue growth and improved the company’s competitive position in the semiconductor market. Additionally, reports suggest that Intel may start producing Apple-designed chips in the coming years, potentially including M-series chips by 2027 and non-Pro iPhone chips by 2028.