Apple Inc. is trading 2.2% up at $23000.00 following news of a strategic domestic chip manufacturing deal with Intel.

  • The agreement aims to diversify Apple's supply chain away from Taiwan-based TSMC by bolstering domestic chip production in the United States.
  • The stock is extending a weekly rebound after several sessions of gains, with investors treating the supply-chain shift as a positive long-term catalyst despite a mixed broader market.