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Intel Surges on Black Friday: Apple Partnership Rumors Ignite Stock
2 Dec
Summary
- Intel stock surged 10.5% on Black Friday, reaching a new 52-week high.
- Rumors suggest Apple is exploring Intel's 18A process for future M-series chips.
- A potential Apple partnership offers Intel a vital second-source manufacturing strategy.
Intel Corporation saw an unexpected and substantial rally on Black Friday, with its stock price climbing 10.5% to close at $40.67. This move, which also marked a new 52-week high, occurred despite typically low trading volumes during the post-holiday session. The significant increase in share value and market capitalization to approximately $194 billion was driven by high trading volume, indicating institutional interest rather than retail speculation.
The primary catalyst for this upward price movement was a report from analyst Ming-Chi Kuo, which revealed that Apple is evaluating Intel Foundry's advanced 18A process. This technology could be utilized for future M-series chips intended for devices like iPads or MacBook Airs, with potential production timelines in 2027. This strategic possibility represents a significant potential opportunity for Intel, as Apple currently relies almost exclusively on TSMC for its processors.
For investors, this development could signify a crucial turning point for Intel, which has been seeking validation for its manufacturing turnaround. A partnership with Apple would not only address Apple's need for supply chain security amidst geopolitical tensions but also validate Intel's advanced manufacturing capabilities. The rumor suggests that Intel's aggressive expansion and strategic positioning in the United States are beginning to yield high-level industry interest.
