Intel stock hits fourth straight record high as Apple report fuels chip rally
Key takeaways
- What’s behind the move: The report says Intel would manufacture some chips for Apple devices, though it is still unclear which products.
- By the numbers: Intel hit its fourth straight intraday record high Friday.
- Broadcom (AVGO) and AMD (AMD) are also rallying, putting the top chip gainers on track to add well over $400 billion in market value Friday.
Intel stock hits fourth straight record high as Apple report fuels chip rally Jared Blikre Sat, May 9, 2026 at 12:15 AM GMT+7 1 min read INTC AAPL AMD AVGO MU What happened: Intel (INTC) stock jumped about 15% Friday, putting it on track for its best day since April 24, after the Wall Street Journal reported that Apple (AAPL) and Intel reached a preliminary chip-making agreement.
What’s behind the move: The report says Intel would manufacture some chips for Apple devices, though it is still unclear which products. That gives investors a fresh reason to bet on Intel’s foundry turnaround.
By the numbers: Intel hit its fourth straight intraday record high Friday. The move also came in a huge session for chip stocks, with Intel, Micron (MU), and Nvidia (NVDA) each nearing $100 billion in market-value gains on the day.