Intel (INTC) stock continues to soar higher, reflecting improving fundamentals of the foundry business and solid artificial intelligence (AI)-driven demand. Its shares have climbed roughly 191% over the past three months and 510% over the past year, as the market remains optimistic about the company's turnaround strategy and its growing role in the AI boom.
The latest catalyst came after President Donald Trump stated on Truth Social that Apple (AAPL) had agreed to work with Intel to design and manufacture chips in the U.S. While investors await additional details, the announcement sent Intel shares sharply higher in early morning trading and strengthened optimism about the trajectory of the company's foundry business.
