Overview

• Intel rose about 6.4% intraday on Sept. 25 and was up roughly 5.5% intraday on Sept. 26, marking back-to-back rallies.
• Bloomberg reported Intel has discussed a potential Apple investment, a rumor that has not been confirmed by the companies.
• The Wall Street Journal reported President Trump is considering tariffs on chipmakers that do not meet a 1-to-1 U.S. fabrication ratio, a proposal still developing.
• Reports that Intel raised prices on certain older-generation PC CPUs were cited as another driver of investor enthusiasm.
• Recent gains have also been tied to prior outside backing reported for Intel, including investments from Nvidia, SoftBank and discussions involving the U.S. government.