US chip stocks gain after Apple-Intel partnership
US chip stocks drove broad market gains as Nvidia shares jumped 9% following a 138% increase in AI chip revenue. This growth added $440B in market value and led Nvidia to project 70% sales growth. The broader market responded positively, with the Dow Jones Industrial Average rising 0.30% to 53,577.40, the Nasdaq Composite Index gaining 0.66% to 26,151.30, and the S&P 500 Index climbing 0.32% to 7,677.28. AMD also saw gains of 4.91% as Treasury yields fell for a second straight day.
What changed
Nvidia reported Q2 results showing explosive AI revenue growth and projected record sales.
Live updates
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Chip stocks lead market gains as Nvidia beats Q2 expectations
US chip stocks drove broad market gains as Nvidia shares jumped 9% following a 138% increase in AI chip revenue. This growth added $440B in market value and led Nvidia to project 70% sales growth. The broader market responded positively, with the Dow Jones Industrial Average rising 0.30% to 53,577.40, the Nasdaq Composite Index gaining 0.66% to 26,151.30, and the S&P 500 Index climbing 0.32% to 7,677.28. AMD also saw gains of 4.91% as Treasury yields fell for a second straight day.
Why it matters
The sector rally follows a partnership between Apple and Intel for domestic chip design and manufacturing. Intel's 18A/18A-P process has entered risk production. Current market momentum is tied to AI adoption and upcoming economic data.
What is confirmed
- Nvidia shares increased 9% after AI chip revenue grew 138%.
- Nvidia's growth added $440B in market value.
- The Dow Jones Industrial Average rose 0.30% to 53,577.40.
- The Nasdaq Composite Index gained 0.66% to 26,151.30.
- The S&P 500 Index climbed 0.32% to 7,677.28.
- AMD shares gained 4.91%.
Still unconfirmed
- Nvidia projects 70% sales growth.
- The CEO of Nvidia described current AI adoption as an inflection point.
What to watch next
- Release of July PCE data
- Further updates on Intel 18A risk production progress
confidence 90%Sources used for this update (6)
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US chip stocks gain after Apple-Intel partnership
Intel shares surged following President Trump's announcement of Apple partnering with Intel for domestic chip design and manufacturing. The 18A/18A-P advanced chip process has entered risk production, pushing Intel stock near $140. Investors are reacting to these developments.
What's confirmed:
- Intel shares have surged following an announcement by President Trump that Apple will partner with the company for domestic chip design and manufacturing.
- The 18A/18A-P advanced chip process has entered risk production.
- Intel stock is near $140.
- Intel's Q2 performance beat expectations and AI demand is strong.
confidence 80%Sources used for this update (2)
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Intel Stock Rallies Following Apple Partnership and Process Milestones
Intel shares have surged following an announcement by President Trump that Apple will partner with the company for domestic chip design and manufacturing. Investors are also reacting to the 18A/18A-P advanced chip process entering risk production. These developments have pushed Intel stock near $140.
What's confirmed:
- President Trump announced that Apple will work with Intel to design and manufacture chips in the U.S.
- Intel's 18A/18A-P advanced chip process has entered risk production.
Still unconfirmed:
- Intel stock has experienced a 250% rally and is trading near $140.
- Intel stock could move higher toward $160.
confidence 90%Sources used for this update (6)
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Apple and Intel Partner for U.S. Chip Production
Apple and Intel will design and manufacture chips within the United States to diversify supply chains. Intel shares rose over 10% following the announcement. The deal establishes Apple as Intel's largest foundry customer.
What's confirmed:
- Apple and Intel agreed to design and manufacture chips in the United States.
- Intel stock closed up 10.64% at $133.99.
- Mizuho raised its Intel price target to $135.
- Donald Trump announced the partnership via Truth Social.
Still unconfirmed:
- Apple will raise prices across much of its product lineup due to chip costs.
confidence 95%Sources used for this update (8)
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US chip stocks rise on Apple-Intel domestic production deal
President Trump announced a partnership between Apple and Intel to design and manufacture chips in the United States. Intel shares surged following the news. The US government holds a stake in the chipmaker.
What's confirmed:
- Apple and Intel will collaborate on chip design and production in the United States.
- Intel shares rose after the partnership announcement.
Still unconfirmed:
- The US government's 10% stake in Intel is worth $60 billion.
confidence 90%Sources used for this update (4)
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Intel Shares Rise After Trump Announces Apple Partnership
President Trump announced on June 18 that Apple and Intel will collaborate to design and build chips in the United States. Intel stock rose between 6% and 10.5% following the news. TSMC will remain Apple's primary supplier.
What's confirmed:
- President Trump announced on June 18, 2026, that Apple and Intel will partner to design and produce chips in the U.S.
- Intel stock increased following the announcement, with reported gains ranging from nearly 6% to 10.5%.
- TSMC will continue as Apple's main supplier.
Still unconfirmed:
- Apple will use the Intel 18A-P process for lower-end chips only starting in 2027.
- Neither Apple nor Intel has formally confirmed the deal.
confidence 80%Sources used for this update (6)
- Intel Stock Surges 9% on Trump's Apple Chip Deal Claim
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- Intel's Strategic Role Highlighted by Apple Partnership Announce
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Intel Shares Surge Following Apple Domestic Chip Deal
President Trump announced on Truth Social that Apple and Intel will partner for chip design and manufacturing in the United States. Intel shares rose over 9% in pre-market trading after the news. The agreement focuses on domestic operations.
What's confirmed:
- President Trump announced on Truth Social that Apple and Intel reached a partnership to design and manufacture chips domestically in the United States.
- Intel shares surged over 9% in pre-market trading following the announcement.
confidence 100%Sources used for this update (5)
- Trump Announces Apple and Intel Reach US Domestic Chip Partnership ...
- Intel and Apple strike chip deal, Trump says in Truth Social post
- Intel Jumped 10% on an Apple Deal. Here's Why the Whole Semiconductor Sector Just Hit a Record.
- Intel surges, but Apple's stock barely blinks - Rolling Out
- Intel Apple Partnership 2026: Bold U.S. Chip Design Deal Explained
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US Chip Stocks Rise Following Trump Announcement of Apple-Intel Partnership
President Trump announced that Apple will partner with Intel to design and manufacture chips within the United States. Intel shares surged following the news, and broader US semiconductor stocks gained. Tim Cook stated that iPhone prices will increase.
What's confirmed:
- President Trump stated Apple will partner with Intel for chip design and production in the US.
- Intel shares rose after the announcement.
- US semiconductor stocks climbed in premarket trading on Thursday.
- Tim Cook said iPhone prices will rise.
Still unconfirmed:
- Intel shares surged 10.67% to $134.02 from a previous close of $121.10.
- Intel stock reached around $133 in early trading.
confidence 90%Sources used for this update (13)
- Intel rises 9% after Trump says company will partner with Apple on U.S. chip design
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- Tim Cook says iPhone prices will rise. Trump says Apple will make US chips with Intel
- Trump: Apple partnering with Intel on chip design, production in US
- Intel shares leap after Trump says it's working with Apple to make chips in the U.S.
- US chip stocks gain after Apple-Intel partnership
- Apple to Buy Computer Chips From Intel, Trump Says
- Intel stock rises after Trump touts U.S.-built chip deal with Apple
- Intel Soars 10% After Trump Says Apple Will Partner With Intel on U.S ...
- US chip stocks gain after Apple-Intel partnership - Yahoo Finance
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