Intel Soars On Trump's Apple Chip Deal Reveal

Intel Corporation (NASDAQ: INTC) shares are surging after President Donald Trump said in a Truth Social post that Apple Inc. (NASDAQ: AAPL) has agreed to work with Intel to design and build chips in the United States. In the same post, Trump reiterated that Nvidia Corp. (NASDAQ: NVDA) had agreed to manufacture chips with Intel and highlighted plans for a large semiconductor facility involving Elon Musk's TerraFab project. The Wall Street Journal reported in May that Intel and Apple had reached a preliminary agreement to manufacture chips for Apple devices after more than a year of talks. Neither Apple nor Intel has formally confirmed a finalized deal. Trump also claimed that the U.S. government received a 10% stake in Intel in exchange for assistance provided to the company. Intel shares were up more than 12% in premarket trading, extending what has already been one of the most dramatic rallies in the market. Intel has gained more than 200% year-to-date and more than 460% over the past year, as investors increasingly view the company as a central beneficiary of efforts to rebuild America's semiconductor manufacturing base. From a technical perspective, Intel recently pushed to fresh highs near $131 and continues to trade above its major moving averages with the 20-day near $116.19, the 50-day near $101.37, and the 200-day near $55.23. The alignment of those averages remains bullish, with shorter-term averages holding above longer-term trend lines. MACD is positive after consolidating earlier this month, which some traders interpret as a sign of strengthening upward momentum. The Relative Strength Index sits near 63, elevated but below the traditional overbought threshold of 70. Some technical traders are targeting the $175 area based on a measured-move analysis of a recent bull-flag pattern, which would represent roughly 45% upside from levels near $121. Technical targets are not predictions. #Intel #Apple #Semiconductors 🖥️ Try Benzinga Pro FREE with a 14 day trial: https://www.benzinga.com/pro/register 📈 Take your trading to the next level with our suite of premium research services and tools: https://www.benzinga.com/services 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Follow us on socials @benzinga ------------------------------------------------------------------------------------ 🔹Free Benzinga Webinars: https://www.youtube.com/watch?v=LQ2jOJNkDfI&list=PL4k0fH8EgI3YTdqniRmxrvz97w3IQ61rD 🔹Benzinga Pro Tutorials: https://www.youtube.com/watch?v=a2FaHhLIrks&list=PL4k0fH8EgI3YMwoBMFXGvVMkgixFymmei&pp=gAQB 🔹Earnings Calls: https://www.youtube.com/watch?v=C2-AoCw64Ok&list=PL4k0fH8EgI3buZI5529R53wJUNd9NS4_s 🔹Premarket Playbook: https://www.youtube.com/playlist?list=PL4k0fH8EgI3ZVRPM7INpG--GvohnBVTnT 🔹Benzinga's All Access: https://www.youtube.com/playlist?list=PL4k0fH8EgI3bQSn91atO-3lPT4V6Nwsmh 🔹Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. #StockMarket #StockMarketNews #Trading #StockMarketLive #Stocks #stocktrading #learntotrade #DayTrading #StockMarketToday