Intel headquarters in Santa Clara, California on January 22, 2026.
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Intel Shares soared 14% on Tuesday, hitting a new all-time high as the chipmaker continued its historic run since April.
The jump arrives on a Bloomberg Report that Apple is in talks with Intel and Samsung produce the main processors of its devices in the United States. The iPhone maker has long depended on chips from Taiwan Semiconductor Manufacturing Company.
Intel and Samsung declined to comment on the report. Apple did not respond to a request for comment.
The increase follows Intel’s best month in its 55-year history on Nasdaq. The stock jumped 114% in April and pushed the company’s market capitalization past $470 billion.
Several major partnerships helped fuel the rally. The American semiconductor company announced the expansion of its partnership with Googleas well as membership projects That of Elon Musk Terafab Project in April.
Intel also announced last month that it would buy back the 49% stake it did not own in its Installation of Fab 34 chips in Ireland for $14.2 billion.
Read more CNBC tech newsThe rise of artificial intelligence has spurred renewed demand for Intel’s central processing units. During the company’s first quarter earnings call, CEO Lip-Bu Tan called processors “the indispensable foundation of the AI era.”
The rise marks a sharp turnaround for the chipmaker, which struggled to keep up with the AI race in the middle significant manufacturing delays. The company is now up more than 330% since the US government made a decision. 10% participation in the company last August, investing $8.9 billion.
Nvidia also helped fuel the stock’s reversal following the announcement of a An investment of 5 billion dollars in September.
President Donald Trump welcomed the stock’s rise last week.
“Intel stock continues to grow. I am very proud of this company as I am responsible for bringing the United States of America over $30 billion in the last 90 days on these stocks alone,” Trump wrote in a statement. Truth post on social media.
“Congratulations to Intel for doing such a great job and, more importantly, congratulations to the American people for making such a great investment!”
— CNBC’s Sawdah Bhaimiya contributed to this report.
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Intel 3 month stock chart.
