Shares of Intel (INTC) experienced a powerful surge exceeding 10% during Monday’s trading session, continuing a rally that began late last week. The stock reached approximately $134 per share, representing a gain of about $13 for the day.
The catalyst for this explosive move came when President Trump revealed via social media that Apple had committed to partnering with Intel for chip design and manufacturing operations within American borders. This single disclosure propelled INTC to record highs and created substantial upward momentum entering the week.
During the weekend, investment firm Mizuho revised its price objective for Intel upward from $128 to $135. While maintaining a Neutral rating, analysts highlighted the company’s sophisticated packaging capabilities — specifically EMIB-T and Foveros technologies — as competitive advantages that could enable Intel to secure between 10% and 15% of the advanced packaging sector over time.
CEO Lip-Bu Tan amplified investor enthusiasm during his guest spot on the “No Priors” podcast, where he articulated an aggressive objective of generating a tenfold return for shareholders over a five to ten-year timeframe, referencing his successful tenure leading Cadence Design Systems.
Appearing on CNBC’s Mad Money, Jim Cramer didn’t mince words. He declared Intel his “new favorite stock in this market,” emphasizing the expanding CPU requirements as agentic artificial intelligence systems proliferate. Tan has projected a ratio reaching four CPUs per GPU — a dynamic Cramer characterized as “incredible” for Intel’s traditional business lines.
The semiconductor giant also announced it has commenced manufacturing using its 18A-P chip process technology. Should this prove successful, the advanced node could potentially secure foundry business from Apple. Additionally, Elon Musk’s Terafab initiative has been identified as an Intel foundry customer.
A critical element of the optimistic investment thesis centers on Intel’s foundry capabilities. The previous leadership invested heavily in fabrication facilities that underperformed expectations. Tan, who brings an engineering background to the role, has reportedly addressed many of these operational challenges.
Organizations seeking to diversify away from dependence on Taiwan Semiconductor are progressively evaluating American manufacturing alternatives. This geopolitical dimension has emerged as a compelling component of Intel’s foundry value proposition.
Broader market conditions provided additional support. The Federal Reserve maintained interest rates within the 3.50%–3.75% range, while a diplomatic agreement between the US and Iran boosted risk appetite. The Nasdaq composite climbed 1.9% and the S&P 500 advanced 1.1% during the session, providing favorable conditions for technology stocks.
AMD and Nvidia similarly gained from positive sentiment surrounding artificial intelligence chip requirements, though Intel’s convergence of multiple catalysts positioned it as the sector’s top performer.
The commencement of 18A-P production and the developing Apple foundry collaboration story represent the two critical narratives investors will monitor as trading continues in upcoming sessions.
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