Intel surges on reports of Apple chip manufacturing deal

MSN
2026.05.15 23:03
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Intel's stock surged following reports of a chip manufacturing deal with Apple, ending a long separation. The company reported Q1 non-GAAP EPS of $0.29 and revenue of $13.58B, exceeding forecasts, driven by growth in data center and AI sectors. Analysts suggest the deal may enhance Intel's foundry business and its position in the AI supply chain.