Why Intel Stock Jumped in a Brutal Day for the Market

Core Viewpoint - Intel's stock showed resilience by gaining 2.1% despite a significant market sell-off, attributed to a potential partnership with TSMC that could enhance its foundry operations [1][2][3]. Group 1: Stock Performance - Intel's share price increased by 2.1% on a day when the S&P 500 fell by 4.9% and the Nasdaq Composite dropped by 6% [1]. - Earlier in the trading session, Intel's stock was up as much as 8.7% [1]. Group 2: Market Context - The broader market experienced substantial sell-offs due to new tariffs announced by the Trump administration [2]. - Despite the bearish market conditions, Intel's stock managed to close in the green, indicating strong investor interest [2]. Group 3: Potential Partnership with TSMC - A preliminary agreement between Intel and TSMC could lead to TSMC acquiring a 20% stake in Intel's chip foundry unit, forming a new joint venture [3]. - TSMC's involvement would include sharing key trade secrets and assisting Intel in operating its foundry unit, which could significantly benefit Intel's long-term outlook in the semiconductor industry [3]. - The partnership is seen as a strategic move to enhance Intel's capabilities in the high-margin AI chip market, where demand for foundry services is increasing [4].