INTC is trading at $128.78 (+3.09%) on continued momentum from its Apple Silicon manufacturing agreement and a new packaging partnership with SK Hynix.
- The stock has surged 16% since the May 8 announcement, with analysts projecting the foundry business will reach $10 billion in annual sales by 2030.
- The SK Hynix partnership for advanced chip packaging strengthens Intel's competitive position against TSMC.
- Broader market support from tech sector strength (with the NASDAQ up 0.33%) and semiconductor momentum also contributed to today's advance.