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Why Intel Stock Rocketed Higher on Thursday

The Motley Fool·
Why Intel Stock Rocketed Higher on Thursday

Intel stock surged up to 11.8% on Thursday after President Trump revealed on Truth Social that Apple has agreed to work with Intel to design and build chips in America. The announcement, which neither Apple nor Intel has officially confirmed, suggests Intel is securing high-profile clients for its foundry business. Intel has gained 257% in 2026 amid AI optimism, though its valuation at 122x forward earnings is steep given unconfirmed reports and current unprofitability.

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