Intel Corp. (INTC) Climbs 10.3% on Apple Deal Hype

We precocious published 10 Stocks Racking Up Big Gains. Intel Corporation (NASDAQ:INTC) is 1 of the apical performers of past week.

Intel Corporation extended its winning streak to a 5th consecutive time connected Friday, jumping 10.28 percent to decorativeness astatine $40.56 apiece amid expert optimism that it could proviso Apple Inc.’s lowest-end M-series chips successful the adjacent 2 years.

According to TF International Securities expert Ming-Chi Kuo, his latest manufacture surveys bespeak that “visibility connected Intel Corporation (NASDAQ:INTC) becoming an advanced-node supplier to Apple has precocious improved significantly.”

Notably, Kuo said that Apple plans to pat Intel Corporation (NASDAQ:INTC) to vessel its lowest-end M processor, which it uses for MacBook Airs and iPad Pros.

He noted, however, that Intel Corporation (NASDAQ:INTC) remains down its rival Taiwan Semiconductor Manufacturing Company but that a woody with the exertion elephantine would marque its semipermanent outlook much positive.

In September this year, Intel Corporation (NASDAQ:INTC) announced that it had lured Apple Inc. to put successful the institution arsenic portion of its efforts to bolster its business.

Apart from Apple, Intel Corp. (NASDAQ:INTC) successful the aforesaid period secured a $5 cardinal concern from spot elephantine Nvidia Corp.

The concern would besides screen the associated improvement of AI infrastructures and idiosyncratic computing products that accelerate applications and workloads crossed hyperscale, enterprise, and user markets.

While we admit the imaginable of INTC arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.