TLDR
- Intel stock surged over 10% after President Trump announced Apple would work with Intel to design and build chips in the US.
- Mizuho raised its price target on INTC to $135 from $128, keeping a Neutral rating.
- CEO Lip-Bu Tan said his goal is a tenfold return for shareholders within five to ten years.
- Jim Cramer called Intel his “new favorite stock in this market,” citing the CPU-to-GPU ratio for agentic AI demand.
- Intel has started production of an 18A-P chip node, which could potentially attract orders from Apple.
Intel (INTC) stock jumped more than 10% on Monday, building on a multi-day rally that started last Thursday. At the time of writing, INTC was trading around $134, up roughly $13 on the day.
The spark came when President Trump posted on social media that Apple had agreed to work with Intel to design and build chips in the United States. That single announcement sent INTC to an all-time high and gave the stock serious momentum heading into the new week.
Over the weekend, Mizuho raised its price target on Intel from $128 to $135. The firm kept its Neutral rating but pointed to Intel’s advanced packaging technologies — EMIB-T and Foveros — as potential drivers that could help Intel capture 10% to 15% of the advanced packaging market long term.
CEO Sets Ambitious Target
CEO Lip-Bu Tan added fuel to the fire during an appearance on the “No Priors” podcast. He outlined a goal of delivering a tenfold return for shareholders within five to ten years, drawing comparisons to his run at Cadence Design Systems.
On CNBC’s Mad Money, Jim Cramer was direct. He called Intel his “new favorite stock in this market” and pointed to the growing demand for CPUs as agentic AI scales. Tan has said the ratio could reach four CPUs for every one GPU — a ratio that Cramer described as “incredible” for Intel’s core business.
Intel also confirmed it has started production of its 18A-P chip node. If successful, that process could attract foundry orders from Apple. Elon Musk’s Terafab project is also listed as an Intel foundry partner.
Foundry Business in Focus
A key part of the bull case is Intel’s foundry operation. Under the previous CEO, the company spent billions on fabs that struggled to deliver. Tan, an engineer by background, has reportedly worked through those issues.
Companies looking to reduce reliance on Taiwan Semiconductor are increasingly turning to US-based options. That geopolitical angle has become a selling point for Intel’s foundry pitch.
The macro backdrop helped too. The Fed held rates at 3.50%–3.75%, and a US-Iran deal lifted risk appetite. The Nasdaq gained 1.9% and the S&P 500 added 1.1% on the session, giving tech names a broader tailwind.
AMD and Nvidia also benefited from the positive sentiment around AI chip demand, though Intel’s combination of catalysts made it the standout mover in the group.
Intel’s 18A-P production start and the Apple foundry partnership narrative remain the two most-watched developments as the stock heads into the coming sessions.
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