Intel (INTC) jumps 14% on reported Apple chipmaking talks, strong earnings

Intel shares rose 13.8% to close at $124.86 on May 13, 2026, after reports said Apple has held preliminary talks with the company about manufacturing processors in the United States. A deal, if completed, would strengthen Intel’s foundry business and could reduce Apple’s reliance on Taiwan Semiconductor. The move followed Intel’s stronger-than-expected first-quarter 2026 results and added to broader optimism around semiconductor demand. Intel shares are up 217% year to date and reached a new 52-week high at $124.71 during the session. The stock had also gained 3.9% on May 11 after Advanced Micro Devices reported a 38% year-over-year revenue increase, with data center revenue rising 57% to $5.8 billion, reinforcing investor expectations for continued AI infrastructure spending across the chip sector.