Intel shares hit new high after Bloomberg Apple chip report

Intel shares had a huge day on Tuesday, jumping 13% to hit a new all-time high. Investors are snapping up Team Blue’s shares after a recent Bloomberg report said Apple is quietly exploring Samsung Electronics and Intel as partners to produce some of its core chips in the U.S.

The Bloomberg report in question hit the internet this Monday and explained that Apple was in early talks with both Samsung and Intel as it seeks to expand its chip production and become less dependent on its main Taiwanese supplier, Taiwan Semiconductor Manufacturing Company (TSMC).

Apple executives even toured Samsung’s latest advanced chip plant, which is under construction in Texas. Samsung might handle the memory side of things, but how does Intel fit into the picture?

It seems Apple wants to use Intel’s U.S. foundry services to manufacture processors, including its 3nm A-series chips for the iPhone (and MacBook Neo) and M-series SoCs for the MacBook. As Bloomberg put it:

Apple Inc. has held exploratory discussions about using Intel Corp. and Samsung Electronics Co. to produce the main processors for its devices in the US, a move that would offer a secondary option beyond longtime partner Taiwan Semiconductor Manufacturing Co.

The story also explained that the iPhone maker “has had early-stage talks with Intel about enlisting the company’s chipmaking services, according to people familiar with the deliberations.”

Creative Strategies CEO Ben Bajarin wrote on X, “We think Apple is much farther along than just ‘discussions with Intel on foundry.’” Although the talks might seem preliminary based on what’s been revealed so far, the mere possibility was enough to make investors buy Intel stock.

After the story was published, Intel’s stock climbed to $110.48 before closing at $108.18, giving the company a market valuation of $543.7 billion—a major jump from last year, when its shares traded at just $18.96. By May 2026, Intel’s stock had risen about 430% from a year earlier and around 174% in 2026 alone. The stock rose another 4.46% on Wednesday, closing at $113.01, before dipping slightly after hours, indicating it may have further momentum ahead.