Intel Corp. (INTC) Rockets to All-Time High as Firm Lures Apple to Invest

Core Insights - Intel Corp. shares reached an all-time high of $34.25, closing at $33.99, up 8.87% due to investor enthusiasm over Apple's investment [1][2]. Group 1: Investment and Partnerships - Intel successfully persuaded Apple Inc. to invest in the company as part of its strategy to strengthen its business [2]. - Earlier in the month, Intel secured a $5 billion investment from Nvidia Corp., focusing on joint development of AI infrastructures and personal computing products [4]. - The partnership with Nvidia aims to integrate Nvidia's AI and accelerated computing with Intel's CPU technologies, enhancing solutions for customers [5]. Group 2: Product Development - Intel will develop NVIDIA-custom x86 CPUs for data centers, which will be integrated into Nvidia's AI infrastructure platforms [5]. - For personal computing, Intel plans to create x86 system-on-chips (SOCs) that incorporate NVIDIA RTX GPU chiplets, catering to high-performance PC demands [6].