Intel stock price: Why INTC hit an all time high today—and how Apple is involved

Apple (AAPL) shares were up just over 1 as of this writing midday on Tuesday, following that report and after last week’s strong second quarter earnings results which was fueled by “extraordinary demand” for the iPhone 17 lineup. Outgoing Apple CEO Tim Cook called it the company’s “best March quarter ever” with revenue coming in at 111.2 billion and “double-digit growth across every geographic segment.” Today’s news could solve the tech giant’s reliance Taiwan Semiconductor Manufacturing Co. for its chips, opening it up to other options. The Korea Stock Exchange, where Samsung trades under the ticker 005930.KS. (KRX), was closed on Tuesday. On a conference call with analysts on Thursday, Cook said high demand for its products was causing supply constraints for the advanced technology needed to produce its devices, the Associated Press reported—and according to Equities Research analyst Trip Chowdhry Intel’s AI chips are “several years ahead of TSMC.” As for the details of the potential deal, Bloomberg reported Apple “has had early-stage talks” with Intel; and executives have made visits to a Samsung plant in the works in Texas. Intel financials Intel’s gains on Tuesday mark a 55 year-high for the tech stock, which jumped 114 last month, and is up a whopping 200 year-to-date. Intel has a market cap of 542.9 billion as of this writing, beating its previous market-cap record of 501.51 billion set on Aug. 31, 2000, per MarketWatch.