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Intel, Apple Confirm AI Chip Deal: $INTC and $AAPL Set to Rally Amid Foundry Boom
Intel, Apple Confirm AI Chip Deal: $INTC and $AAPL Set to Rally Amid Foundry Boom
May 9, 2026 — In a landmark move that cements its position in the AI chip revolution, Intel Corporation (INTC) and Apple Inc. (AAPL) have officially secured a deal for Intel to manufacture chips for Apple devices, the Wall Street Journal reports. This strategic partnership provides Intel’s nascent foundry business with a foundational, high-profile customer, fueling a 15% rally in INTC stock and a 2% boost for AAPL as investors bet on a supply chain shift away from Taiwanese reliance. With INTC already surging over 240% year-to-date—outpacing even Nvidia (NVDA)—and Apple diversifying its chip sourcing, the bullish case for both stocks is stronger than ever, signaling a new era of semiconductor dominance.