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Intel’s stock achieves a never-before-seen feat as Apple enthusiasm builds - MarketWatch
Overview
Intel shares jumped 14% after reports that the company struck a new manufacturing partnership with Apple as it continues a broader business turnaround. The move follows recent strong quarterly results and investor enthusiasm about Intel’s foundry ambitions. Together, the earnings beat and the potential Apple deal have lifted hopes that new manufacturing contracts and rising AI and data-center demand can sustain the rally. Similar sizable, confidence-driven stock moves have occurred this earnings season, including Victoria’s Secret’s record surge after beating estimates and raising its outlook.
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