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.

Intel's stock has risen a stunning 490% over the past year, a bet by Wall Street that may be running well ahead of the company's actual turnaround.

May 8 (Reuters) - Apple ⁠and ⁠Intel have ⁠reached a preliminary agreement ​for Intel to manufacture some ‌of the chips ‌that power ⁠the ⁠iPhone maker's devices, the Wall Street Journal ​reported on Friday, citing people familiar with the matter.

Even if Intel’s rivals decide to trust him, the brutal economics of the chip industry mean that they are reluctant to spend the money it takes to switch, even partially, to a new supplier. They need proof it’ll pay off immediately, and no one wants to go first, according to Daiwa Capital Markets analyst Louis Miscioscia.

Intel will show Panther Lake Arc G3 handhelds, a 52-core Nova Lake desktop, and 288-core Clearwater Forest Xeon at Computex 2026. All are built on the 18A node.

Apple is exploring Intel and Samsung for US chip production as AI demand strains advanced chip supply and tests its reliance on TSMC.

May 6 (Reuters) - SpaceX has proposed an initial $55 billion investment to build a semiconductor manufacturing facility in Texas, according to a filing made public on Wednesday. Tesla chief Elon Musk has said the electric vehicle maker plans to use Intel's next-generation 14A manufacturing process to make chips at its Terafab project,

The AI boom is giving old-school chips a new moment. AMD and Intel are both seeing fresh demand for CPUs, the central processors that run general-purpose software and help coordin