Western Digital Corp (NASDAQ:WDC) is up 10.6% at $786.87, and earlier nabbed a record high of $788.
Intel (NASDAQ:INTC | INTC Price Prediction) stock is ripping higher Thursday morning, up 9% to around $132 in early trading.
Despite the multiple tailwinds affecting the chipmaker in June, Wall Street appears to be cooling off on Intel (NASDAQ: INTC) following its 207.52% year-to-date (YTD) upsurge to $121.10.
Considering that the former hedge fund manager and popular CNBC host, Jim Cramer, tends to avoid exposure to stocks that have recently completed substantial rallies, his most recent top pick comes as both a surprise and a strong endorsement: Intel (NASDAQ: INTC).
Intel stock was gaining after President Donald Trump said the company has signed up a major chip-manufacturing client.
Intel shares jumped in premarket trade on Thursday as President Donald Trump said the foundry will produce chips for Apple in the U.S.
Shares of Intel rose on Thursday after US President Donald Trump said Apple had agreed to work with the chipmaker to design and manufacture chips in the United States, potentially handing Intel's foundry ambitions their biggest endorsement yet. Intel shares were up about 2.7% in after-hours trading at the time of writing, after gaining as much as 5.7% in overnight trading following Trump's comments.
Intel's stock surged in premarket trading on Thursday. The rally came after President Donald Trump said on Truth Social that the semiconductor company had agreed to a deal with Apple to design and build chips in the U.S.
'Mad Money' host Jim Cramer talks why he is a believer in Intel and its CEO.
The U.S. government's roughly 10% stake in Intel, acquired in 2025 at about $20.47 per share, has turned into one of the most lucrative trades on Uncle Sam's books.
Marley Kayden talks about Intel (INTC) as it begins production of its advanced 18A-P chip node. Companies like Apple (AAPL) and Nvidia (NVDA) have already expressed interest as Intel builds up its portfolio of clients.
Intel stock (INTC) gained 4.5% in pre-market trading after the company announced that its next-generation Intel 18A-P manufacturing process has entered risk production. The development comes after shares closed 8.45% lower at $117.05 in the previous session and signals progress in Intel's semiconductor manufacturing roadmap.