According to market reports, Intel stock surged as much as 19% on Friday after reports that Apple reached a preliminary agreement with the chipmaker to produce some chips for future devices. The move lifted the value of the U.S. government’s 10% Intel stake from approximately $8.9 billion when acquired in August 2025 to about $56.5 billion, representing a gain of roughly $47.6 billion in less than eight months.
Intel shares traded above $120, extending a 2026 rally that has taken the stock up more than 240% year to date. The company reported first-quarter revenue of $13.6 billion, up 7% year-over-year, with Data Center and AI revenue rising 22% to $5.05 billion, exceeding analyst expectations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
TeraWulf's HPC Revenue Hits $21M, Surpasses Bitcoin Mining for First Time in Q1 2026
According to The Block, TeraWulf's high-performance computing business overtook its bitcoin mining segment for the first time in Q1 2026. The company reported HPC lease revenue of $21 million, surpassing digital asset revenue of just under $13 million out of $34 million in total quarterly revenue. C
GateNews45m ago
Cloudflare Stock Plunges 23.62% on May 8 After Q1 Earnings, 1,100-Person Layoff Announcement
Cloudflare's stock fell 23.62% on May 8 to $196.13 per share following the company's first-quarter earnings release and announcement of approximately 1,100 layoffs. While Q1 revenue of $640 million exceeded expectations with 34% year-over-year growth, second-quarter revenue guidance of $664–$665 mil
GateNews1h ago
UBS Increases MSTR Position to 6.31M Shares Worth $1.12B With $98M Purchase
According to ChainCatcher, UBS Group purchased 551,121 shares of MSTR for $98 million, bringing its total position to 6.31 million shares worth approximately $1.12 billion.
GateNews1h ago
Trump Announces Three-Day Russia-Ukraine Ceasefire on May 9-11, Including 1,000 Prisoner Exchange
According to BlockBeats, on May 9, Trump announced a three-day ceasefire agreement between Russia and Ukraine for May 9-11, which includes a pause in military operations and the exchange of 1,000 soldiers.
Separately, Trump praised Dell computers at the White House Rose Garden, recommending
GateNews2h ago
TeraWulf's HPC Revenue Hits $21M, Surpasses Bitcoin Mining for First Time in Q1 2026
According to TeraWulf's Q1 2026 earnings report, HPC lease revenue reached $21 million, surpassing digital asset mining revenue of approximately $12.7 million for the first time. The company reported total revenue of $34 million for the quarter, roughly flat from $34.4 million a year earlier. CEO
GateNews2h ago
SK Hynix Employees Could Receive 6.1M Yuan Average Bonus in 2027, Macquerie Predicts
According to Macquerie Securities on May 9, SK Hynix's Korean employees could receive average bonuses of approximately 6.1 million yuan per person in 2027 if the chipmaker achieves 447 trillion won in operating profit that year. The prediction is based on distributing 10% of operating profit as bonu
GateNews3h ago
