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Intel Stock Soared After Trump Said Apple Will Build Chips With It. Is It a Buy?

The Motley Fool·
Intel Stock Soared After Trump Said Apple Will Build Chips With It. Is It a Buy?

Intel stock jumped 11% after President Trump claimed Apple agreed to design and build chips with Intel in the U.S. However, neither Apple nor Intel has confirmed the deal or disclosed terms. While Intel's business is improving, the stock's valuation at 13x sales already prices in optimism, and the analyst recommends waiting for official confirmation before investing.

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