Intel Stock Surges 10% as Apple Chip Deal Fuels Rally
22 Jun 2026 · 08:39 UTC · CoinCentral RSS Feed · Original source
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Summary
Intel stock surged over 10% after President Trump announced Apple would work with Intel to design and build chips in the US. Mizuho raised its price target on INTC to $135 from $128, keeping a Neutral rating. CEO Lip-Bu Tan aims for a tenfold return for shareholders within five to ten years.
Why it matters
The announcement regarding Intel and Apple primarily impacts the tech sector and stock prices, with limited direct relevance to cryptocurrency markets. While there may be some cross-industry sentiment shifts, the overall effect on Bitcoin and altcoins is expected to be negligible. The market is likely to focus on more direct crypto-related news for significant impacts.
Expected impact
Intel's stock surge due to a new partnership with Apple may indirectly affect cryptocurrency markets, but the impact is minimal. The news is more relevant to tech and stock investors than crypto traders.