Intel Stock Jumps Over 5% Overnight as Apple Chip Manufacturing Deal Fuels Rally

Intel stock jumped over 5% in late Sunday overnight trading, extending Thursday's 10.6% surge, according to Stocktwits sentiment data. The rally was driven by U.S. President Donald Trump's confirmation that Apple would manufacture some of its chips using Intel's foundry services, marking a major win for the government-backed semiconductor maker.

Intel CEO Lip-Bu Tan said on a Thursday podcast that he aims to deliver a tenfold return over the next five to ten years, highlighting advanced packaging efforts as a key growth driver for the company's foundry business.

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