GTA VI Pre-Orders Finally Go Live, Waymo Recalls Robotaxis from Highways, and Intel Stock Surges on Apple Deal

Intel stock jumped 10% on Thursday after President Donald Trump announced on Truth Social that the semiconductor company had agreed to a deal with Apple to design and build chips in the U.S. The news caps a remarkable turnaround for Intel, whose stock has surged 464% in the past 12 months, hitting a market cap of $68.7 billion. CEO Lip Boutin, who took over early last year, has revived Wall Street interest by drawing investments from NVIDIA and the Trump administration. "First, we helped bring in Nvidia and they agreed to build their first level chips with Intel," Trump wrote. "Next, Elon agreed to build his Terrafab, the largest chip factory in the world, designed together with Intel's technology team." The Terrafab project represents the first major outside commitment for Intel's foundry business, which had previously only manufactured chips for its own products. While conflict in the Middle East has disrupted supply chains and sent oil prices skyrocketing, the AI boom has insulated semiconductor stocks — NASDAQ's Philadelphia Semiconductor Sector Index is up 90% so far this year.

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