Intel stock jumps as Apple chip-making talks surface, signaling ongoing turnaround

Intel shares rose about 10% after President Trump claimed Apple will collaborate with Intel on processor manufacturing, a claim tied to a Wall Street Journal report of a preliminary Apple-Intel pact. Bernstein cautioned the deal would likely cover low-volume parts, and Apple has largely shifted away from Intel to its own chips. The move comes as Intel pushes its 18A node into production and rides AI-driven CPU demand, aided by tight capacity at rivals like TSMC.