Intel Corp (NASDAQ:INTC) shares are extending their aggressive rally Tuesday afternoon, trading over $43, a gain of over 20% in just five days.
- INTC is approaching key resistance levels. Get the complete analysis here.
What To Know: According to analyst Ming-Chi Kuo, Apple has reportedly signed a non-disclosure agreement to evaluate Intel's advanced “18A” manufacturing process.
The rumors suggest Apple could outsource production of entry-level M-series chips to Intel foundries by 2027. While the projected volume of 15–20 million units is modest relative to Apple's total output, the strategic implications are monumental.
This development marks a potential stunning reversal in Silicon Valley history. Apple famously severed ties with Intel in 2020, replacing Intel CPUs with its own ARM-based “Apple Silicon” because Intel's stagnation had begun bottlenecking Mac performance.
For Intel to win back Apple orders now would be the ultimate validation of its pivot to the foundry model. It signals that Intel's manufacturing capabilities have sufficiently recovered to meet the exacting standards of the world's most demanding tech hardware company.
Benzinga Edge Rankings: Reflecting this bullish sentiment, Benzinga Edge data currently assigns Intel a Momentum score of 93.32, underscoring the stock’s powerful upward trajectory.
INTC Price Action: Intel shares were up 9.00% at $43.62 at the time of publication on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.
Currently, Intel is trading approximately 17.1% above its 50-day moving average and a significant 66.3% above its 200-day moving average. These indicators suggest a robust upward trend, signaling bullish momentum in the stock.
The recent price action also indicates that the stock has broken through previous resistance levels, which may attract further buying interest.
Read Also: MongoDB, Boeing Rally, Bitcoin Tops $90,000: What’s Moving Markets Tuesday?
How To Buy INTC Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Intel’s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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