Intel Eyes AI Tailwind and Apple Talks

about 1 month ago

Tom Keen with Paul Sweeney and Lisa Matteo

"Sources telling Bloomberg Intel approached Apple about an investment in the company. They also talked about how to work more closely together. ... This stock was in the doghouse for years with a five-year compounded annual return of negative 7%, but this year, the stock is up 55%. It feels like it has suddenly caught the AI tailwind that it so desperately needed. Has it? Well, the government's in for 10%, NVIDIA's in for 5%, maybe Apple's going to be in. This is their time to shine."

Intel (INTC) is reportedly in early-stage talks with Apple and other companies regarding an investment and closer collaboration. This comes as Intel, after years of underperformance, appears to be catching an AI-related tailwind, evidenced by a 55% surge this year compared to a long-term negative trend. Institutional interest is mounting, with mentions of government and major investors, potentially repositioning Intel in the tech sector.

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