Intel Corp. (INTC) Climbs 10.3% on Apple Deal Hype

Core Viewpoint - Intel Corporation (NASDAQ: INTC) has shown significant stock performance, rising 10.28% to $40.56, driven by optimism regarding a potential supply deal with Apple Inc. for its lowest-end M-series chips in the next two years [1][2]. Group 1: Analyst Insights - Analyst Ming-Chi Kuo from TF International Securities noted improved visibility for Intel becoming an advanced-node supplier to Apple, indicating a positive shift in the industry landscape [2]. - Kuo highlighted that Apple intends to utilize Intel for its lowest-end M processor, which is essential for MacBook Airs and iPad Pros [2]. Group 2: Competitive Position - Despite the positive developments, Intel is still trailing behind its competitor, Taiwan Semiconductor Manufacturing Company (TSMC) [3]. - A partnership with Apple could enhance Intel's long-term outlook, especially following a $5 billion investment from Nvidia Corp. in September [3]. Group 3: Strategic Developments - The collaboration with Apple is expected to include joint development efforts in AI infrastructures and personal computing products, targeting various market segments including hyperscale, enterprise, and consumer [4].