Intel shares settled at $106.48 following a period of consolidation, supported by a landmark preliminary deal to manufacture chips for Apple. Analysts view this partnership as a pivotal validation of Intel’s Foundry Services and its strategic push to reclaim manufacturing leadership.
- Deutsche Bank increased its price target to $100, signaling renewed analyst confidence in the company's long-term trajectory.
- CFO David Zinsner reported that 18A process yields are hitting internal targets months ahead of schedule.
- The stock declined 2.11% during the May 18 session as it stabilized after a recent record-breaking rally.