Intel Hits Record High Amid AI Boom And Deal Speculation

Shares of Intel surged 14% to a record high after a report by Bloomberg said Apple is in talks with Intel and Samsung to manufacture chips in the United States.

The report said Apple is exploring alternatives to its long-time supplier, Taiwan Semiconductor Manufacturing Co. Neither Intel nor Apple confirmed the discussions.

Intel soars 14% on report of Apple chip talks, hits new all-time high https://t.co/urDHIIT5bS

— CNBC Tech (@CNBCtech) May 5, 2026

The rally builds on a strong run for Intel, whose stock jumped over 100% in April. Analysts attribute the surge to rising demand for chips driven by artificial intelligence and new partnerships with companies including Google.

Intel has also benefited from government backing and fresh investments. According to company statements, it is repositioning itself as a key player in the AI era after previous setbacks.

President Donald Trump praised the company’s performance, calling it a win for American industry and investment.

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