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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.
