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08.05.26 - 21:12
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Intel Jumps To Record High On Deal To Make Chips For Apple, Following White House Pressure (ZeroHedge)
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Intel Jumps To Record High On Deal To Make Chips For Apple, Following White House Pressure
Already looking like something right out of the dot com bubble, Intel stock soared even more moments ago, surging almost 20% and hitting a new all time high over $130 (it was trading at $80 a few days ago), after the WSJ reported that the White House-backed chipmaker has reached a preliminary agreement to manufacture some of the chips that power Apple devices. Which is ironic as just 6 short years ago Apple surprised the market when it announced it was parting ways with Intel, replacing the company's chips with its own, a move which was dubbed a huge success. Now, following intense White House pressure, it has decided to reverse this decision.
While it is well known that talks between the two companies have been ongoing for more than a year - which has been one of the reasons for Intel's recent meteoric advance - they hammered out a formal deal in recent months.
It's still unclear which Apple pro...
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08.05.26 - 20:00
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Intel Just Ripped 116% in a Month. Is It Time to Sell in May and Go Away? (24/7 Wall St.)
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Shares of Intel (NASDAQ:INTC) are ripping higher again in Friday afternoon trading, with the stock changing hands near $125, up roughly 14% on the session. The move caps a stunning month for the chipmaker. INTC stock is now up approximately 116% over the past month with today's intraday gain factored in. Through Thursday's close, Intel ... Intel Just Ripped 116% in a Month. Is It Time to Sell in May and Go Away?...
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