Intel Stock Surged 10% on Apple Chip Manufacturing Hopes—Time to Buy?

Core Viewpoint - Intel is experiencing a significant comeback, with rumors of a potential deal with Apple to produce Mac chips contributing to its stock surge [1][2]. Stock Performance - Intel's stock has increased approximately 20% in the past week, over 77% in the last three months, and around 116% year-to-date [2]. - The stock is outperforming major competitors like Nvidia, which has gained less than 30% this year [3]. Market Sentiment - There is speculation that if the rumored deal with Apple materializes, it could significantly enhance Intel's market position and attract further partnerships [2][6]. - Analysts believe that Intel's stock may continue to rise, especially with potential new deals and partnerships on the horizon [4][6]. Future Prospects - Intel may not regain Apple's business for high-end chips but could assist in producing lower-end M-series chips [5]. - The company is expected to benefit from a resurgence in PC demand and new AI chip developments, setting the stage for continued growth [7]. Long-term Outlook - If the Apple-Intel collaboration proves successful, it could lead to additional partnerships with other firms, enhancing Intel's long-term investment appeal [8][9]. - Despite short-term overvaluation concerns, Intel is viewed as a strong long-term buy [9].