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Shares of computer processor maker Intel (NASDAQ:INTC) jumped 10.4% in the afternoon session after President Trump posted on Truth Social that "Apple agreed to work with Intel to design and build its Chips in America."
Intel's up over 10% as Trump touts a new deal to produce chips in the U.S. with Apple.
Yahoo Finance Senior Reporter Brooke DiPalma and Market Domination host Josh Lipton take a closer look at some of Thursday's trending tickers and stories, including Apple (AAPL), travel stocks, and Take Two (TTWO).
The memory tax is coming at Apple at a time when it's already battered with existing tariff drama.
This past week, a group of AR devotees gathered at the AWE USA conference in Long Beach, Calif. Everyone there is betting that augmented-reality glasses will eventually come out on top. AWE sponsors included Meta Platforms, Alphabet Google, and Nvidia but the headline sponsor and star of the show was Snapchat parent Snap and the launch of its new Specs AR glasses, at an eye-watering price point of $2,195. No company has made as focused a bet on AR as Snap.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
Apple Inc (NASDAQ:AAPL, XETRA:APC) remains well positioned to manage increasing memory costs and potential product price increases due to its scale and supplier relationships, according to Bank of America analysts, who maintained a ‘Buy’ rating and a $380 price target on the stock. This...
Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) jumped 3.4% in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
A number of stocks jumped in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.
While Apple is joining a growing list of tech companies raising prices for consumers this year, the iPhone maker’s decision stands out. CEO Tim Cook said in an interview with The Wall Street Journal on Wednesday that Apple plans to increase prices to offset rising memory and storage costs. Component costs have been soaring as demand far outpaces supply, thanks to the growing need for hardware that helps power artificial intelligence.
<body><p>STORY: ::Intel</p><p>::Archive</p><p>Shares of Intel rose as much as nearly 12% on Thursday, after U.S. President Donald Trump said the company would partner with Apple on chip design and production...</p><p>:: Intel</p><p>in what would be a major boost for Intel's efforts to turn around its business. </p><p>A contract with Apple would lock in steady demand from the iPhone maker, boosting Intel's reputation and sales as it looks to close the gap with rival TSMC, the world's biggest contract chipmaker.</p><p>::Archive</p><p>::AMD</p><p>For Apple, the deal would help diversify its manufacturing base and add chip capacity at a time when TSMC, its key partner, has been stretched thin by surging demand from AI chip-making clients such as Nvidia and AMD.</p><p>Trump's social media post about the agreement did not specify which chips Intel would make for Apple.</p><p>The president said it was his latest effort to help Intel, in which the U.S. government has a 10% stake.</p><p>::Archive</p><p>The Trump administration has been stepping up efforts to secure U.S. supply chains for semiconductors and critical minerals, including taking equity stakes in companies to reduce reliance on China.</p><p>Apple and Intel did not immediately respond to Reuters requests for comment.</p></body>
Cumulative Pro and Pro Max pricing assumptions rise $200 as memory costs force Apple's hand
Wedbush Sees Major Intel Opportunity as Apple Reshapes Its Chip Strategy
Intel shares rose after Trump said Apple agreed to work with the chipmaker on US-designed and built chips.
Micron Stock Jumps as Apple Reveals Growing Chip Cost Pressure
Azure and AWS could face DMA obligations on interoperability, customer lock-in, and self-preferencing if EU regulators proceed.
Shares of memory chips maker Micron (NASDAQ:MU) jumped 8.4% in the afternoon session after a coordinated wave of Wall Street price target revisions landed before the open, some of the most dramatic re-ratings seen in large-cap tech in years.
A social media post from President Trump sent chip stocks soaring. The Direxion Daily Semiconductor Bull 3X ETF led the charge, as expected.
Apple's (AAPL) chip production deal with Intel (INTC) represents a big opportunity for the semicondu
SanDisk (NASDAQ:SNDK) stock is surging in Thursday trading, up 11% to $2,170. Western Digital (NASDAQ:WDC) stock is also flying, up 7% to roughly $764. The catalyst landed before the open and hit memory and storage names broadly. The trigger came from Apple (NASDAQ:AAPL) CEO Tim Cook, who told the Wall Street Journal that surging memory ... SanDisk Jumps 11%, Western Digital Rises 7% After Apple Flags “Unavoidable” Memory Price Hikes
A report suggests the semiconductor specialist has inked an important deal.
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