Plus, Bank of England holds rates steady and investors keep requesting withdrawals from private-credit funds.
Intel (INTC) shares are extending gains this morning after President Donald Trump said Apple Inc has agreed to work with the multinational to design and build its chips in America. The semiconductor giant is now trading at a year-to-date of $134.
Intel Corp (NASDAQ:INTC, XETRA:INL) shares jumped about 8% in early trade on Thursday after US President Donald Trump said Apple Inc (NASDAQ:AAPL, XETRA:APC) had agreed to work with the company to design and manufacture chips in the United States. In a post on Truth Social, Trump wrote that he had decided to support Intel because "we need to design and build our Chips right here in America" and added that "Apple has agreed to work with Intel to design and build its Chips in America.
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.