Intel (INTC) Stock Soars on Apple Chip Rumors and $208M Malaysia Expansion
Intel shares closed at $43.47 Tuesday, up 8.65% and near a 52-week high, after announcing a $208 million expansion of its Malaysia facilities. The stock has nearly doubled in 2025, outpacing Nvidia, as investors react to the Malaysia investment, speculation over Apple as a foundry customer, and a 9.9% U.S. government stake. Trading volume spiked over 50% above average.