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Intel surges 10% in intraday trading, market cap exceeds $600 billion, reaches chip deal with Apple

2026-05-08 16:55

Odaily Odaily reports that according to Gate data, Intel's stock price spiked sharply, surging 10% during trading, pushing its market capitalization past $600 billion. Sources say Apple has reached an agreement with Intel, under which Intel will manufacture chips for Apple devices. A preliminary chip manufacturing deal has been struck, and discussions between the two parties have been ongoing for over a year.