Intel's Stock Soars as Client Rumors Swirl: Could Nvidia and Apple Deals Be on the Way?

Core Insights - Intel's stock surged by 11% on Wednesday, reflecting a broader rally in chip and AI-related stocks, with shares gaining nearly a third of their value in 2026 so far [1][1][1] - Reports suggest that Nvidia and Apple are considering shifting some of their 2028 chip production to Intel, which could signify new client acquisitions for Intel's manufacturing business [1][1][1] Intel's Position - The potential deals with Nvidia and Apple would mark a significant advancement for Intel, which has faced challenges in attracting new customers for its manufacturing services [1][1] - Intel's CEO mentioned ongoing engagement with prospective customers evaluating its manufacturing processes, although it remains unclear if these include Nvidia and Apple [1][1] Market Context - The report from DigiTimes indicates that U.S. manufacturing mandates and tariff pressures may favor Intel in securing these contracts [1][1] - TSMC, the world's largest chip manufacturer, may view the anticipated order diversions to Intel as more of an opportunity than a threat, potentially easing regulatory scrutiny and U.S. political pressure [1][1]