A preliminary Apple-Intel manufacturing agreement—backed by a White House push—sent Intel stock above $130 on Friday.
STORY: :: Lisa Bernhard, Reuters:: Ross Mayfield, Investment Strategist, BairdThe S&P 500 and the Nasdaq rallied to record highs on Friday, boosted by gains in semiconductor stocks, while a stronger-than-expected jobs report pointed to labor market resilience.Speaking with Reuters' Lisa Bernhard, Mayfield said that with April's nonfarm payrolls data "building on last month's strong report... you start to feel like maybe the labor market is turning a corner."Meanwhile, shares of Intel joined the chip rally late Friday, soaring as high as 19%, after the Wall Street Journal reported on Friday that the company had reached a preliminary deal to make some chips for Apple devices."I certainly wouldn't want to stand in front of this momentum-driven sector," Mayfield said of the recent chip rally. "In my mind, it can't be a bubble if earnings are keeping up with price."
Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR E
(Updates with Meta's statement in the fourth and fifth paragraphs.) Apple (AAPL) and Meta Platfor
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On Friday The Wall Street Journal cited sources who said that Apple and Intel had reached a preliminary agreement for Intel to manufacture chips for the iPhone-maker. Intel stock was up 16% in midday trading on the news; it has risen 246% this year. Apple uses Taiwan Semiconductor Manufacturing to make its Apple Silicon chips that run all its devices.
Shares of Intel jumped in Friday trading, pushed higher by reports that the company was moving closer to landing a deal to make chips for a Magnificent 7 client.
US benchmark equity indexes were higher intraday as traders parsed the latest jobs report, while oil
This option trade on Nvidia offers a healthy annualized return and multiple ways to make it a success.
Apple's chip deal lifts Trump's Intel stake to $56.5 billion, marking an unrealized gain of $47.6 billion in eight months.
Shares of Intel (NASDAQ:INTC) are ripping higher again in Friday afternoon trading, with the stock changing hands near $125, up roughly 14% on the session. The move caps a stunning month for the chipmaker. INTC stock is now up approximately 116% over the past month with today’s intraday gain factored in. Through Thursday’s close, Intel ... Intel Just Ripped 116% in a Month. Is It Time to Sell in May and Go Away?
(Bloomberg) -- After Lip-Bu Tan became chief executive officer of Intel Corp. in March of last year, the struggling company’s shares went nowhere for seven months while the chipmaker was getting trounced in the market for artificial intelligence.Most Read from BloombergBillionaire Duke of Westminster to Sell £700 Million of US Real Estate AssetsSony to Pay Almost $4 Billion for Bieber, Neil Young CatalogUS Fires on Iranian Targets as Trump Demands Deal From TehranIran’s President Says He Had Mee
Apple Inc (NASDAQ:AAPL, XETRA:APC) is entering a potential new growth phase driven by artificial intelligence, according to Wedbush analysts, who raised their 12-month price target from $350 to $400 and maintained an ‘Outperform’ rating. This implies upside from current levels of...
Wedbush's Dan Ives just slapped a Street-high price target on the iPhone maker -- and his pitch is that the AI story is finally about to begin.
Intel and Apple have reportedly reached a preliminary chip-making agreement.
Intel has reached a preliminary deal to make some chips for Apple devices, the Wall Street Journal reported on Friday, in a potential boost to Intel's contract manufacturing business and Washington's push to shore up U.S. chip production. Intel's stock extended gains to rise 15% on the news, while Apple shares were up about 1.7% in afternoon trading. Landing an Apple contract would give Intel a steady stream of demand from one of the world's largest consumer electronics companies, bolstering both its reputation and a manufacturing business that has fallen behind TSMC in recent years.
» Apple promised a smarter Siri, but a lawsuit says it didn’t deliver—and you can get up to $95 back
Apple agreed to pay $250 million to settle a class action lawsuit that alleges the tech giant overpromised its Siri features.
Apple (AAPL) is likely to see a major inflection point in growth as it prepares to unveil its artifi