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Barchart
Pathikrit Bose

Intel Stock Just Hit New Record Highs. This Time, Apple Gets All the Credit.

Intel Corporation Apple United States Nvidia AMD INTC DCAI

If the AI chip race were the box office, then the undisputed leaders of it have been Nvidia (NVDA), AMD (AMD), and Broadcom (AVGO). However, just like in the movies where a forgotten star of yesteryear suddenly makes an impactful comeback, Intel (INTC) is hogging the limelight like there is no tomorrow.

With backing from the United States government and led by an able industry veteran in Lip-Bu Tan, Intel's shares have been on a roll. And now, adding to the good times for the company is Apple (AAPL). It is believed that the consumer electronics major is contemplating manufacturing its processors in the U.S., and Intel could be one of the potential partners. On the back of this news, shares of Intel ended markedly higher in yesterday's trading session by 12.92%. The stock has rallied by 456.57% over the past 52 weeks.

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