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ToggleUS stocks opened with another frenzy! After years of silence, Intel (Intel, US stock code: INTC), the former semiconductor giant, saw its stock price surge again thanks to news of a potential "Apple order transfer".
As of approximately 10:15 AM Eastern Time on May 5, 2026, INTC's stock price surged by $11.18 , a gain of 11.67% , to a temporary high of $106.96 . Shortly after the market opened, the stock price even touched a high of $107.36 , directly setting a new 52-week high (the 52-week range is $18.97 to $107.36).
Single-day trading volume exceeded 58 million shares, and market capitalization surpassed 530 billion.
Market enthusiasm for Intel is extremely high. Within just over an hour of opening, Intel's trading volume had already exceeded 58 million shares. Compared to the brief pullback of the previous day (May 4th), which saw a 3.85% drop to close at $95.78, today's surge has directly propelled Intel's total market capitalization past the historic $530 billion mark.
The main reason for the surge: Apple is exploring foundry partnerships, and TSMC's capacity is running out.
The most direct trigger for today's surge was the major supply chain news disclosed earlier by Bloomberg.
The report indicates that global tech giant Apple is actively engaged in preliminary discussions with Intel, considering using Intel's U.S.-based wafer fabs to manufacture chips for its devices. This move is seen as a contingency plan by Apple to address the capacity risks associated with TSMC .
Due to the explosive growth in global AI demand, coupled with strong sales of Apple's own Mac product line, TSMC's most advanced 3-nanometer capacity is facing extreme strain, and Apple is facing a potential chip supply shortage crisis. Although the negotiations between the two parties are still in the very early stages and no formal orders have been signed, the market has already regarded this as the most explosive potential benefit for Intel's foundry services (IFS) in the future.
Continuing the bullish trend that doubled in April
In fact, Intel's recent strong rebound is not a sudden phenomenon. Looking back at April, Intel's stock price delivered an astonishing performance , surging by over 100% in a single month . This bullish run, a "king's return," is driven by three core momentum factors:
- AI chip demand spillover: In the global computing power arms race, Intel has successfully captured some of the hardware and foundry benefits for AI-related applications.
- Positive feedback from the financial report: The recently released financial report data exceeded Wall Street expectations, indicating that its business restructuring and cost control have been effective.
- The CHIPS Act provides strong support: In order to ensure the security of the semiconductor supply chain, the US government provides substantial subsidies for expanding domestic factories, becoming Intel's strongest policy backing.
With the potential for Apple to shift its orders to Intel unlocked, the question of whether Intel can completely reclaim its semiconductor dominance in this wave of AI will be the focus of global capital markets going forward.
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