Intel stock price jumps 11% after report Apple, Nvidia weigh Intel foundry work
Intel shares surged 11% in after-hours trading Wednesday after a DigiTimes report said Apple and Nvidia may shift some 2028 chip production to Intel. CFO David Zinsner bought 5,882 shares last week. The Philadelphia Semiconductor Index rose 1.7% as chip stocks rebounded. ASML reported €13.2 billion in bookings and raised its 2026 sales outlook.