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Intel Corp. (INTC) Jumps 20% as Firm Courts Apple Inc.
Yahoo Financeยท 2025-09-29 22:41
Group 1 - Intel Corporation's share price increased by 20.01% week-on-week, reaching a new all-time high of $36.30, driven by investor interest in potential collaboration with Apple Inc. [1] - On a single day, Intel's stock rose by 4.44% to close at $35.50 after news of courting Apple for investment to support its revival and expansion efforts [1] - Initial negotiations between Intel and Apple are focused on enhancing collaboration, although there is a possibility that talks may not materialize [2] Group 2 - Earlier in the month, Intel secured a $5 billion investment from Nvidia, aimed at developing AI infrastructures and personal computing products [2] - The partnership between Intel and Nvidia will leverage NVLink technology to integrate Nvidia's AI capabilities with Intel's CPU technologies, enhancing solutions for various markets [2] - Despite the potential of Intel as an investment, there is a belief that other AI stocks may offer higher returns with lower risk [2]