INTC Stock Rockets Toward Best Month Ever: Something More Than A Trump Pump Could Be Powering The Rally

• Apple is weighing Intel’s 18A-P for some M-series chips, while Google may use its EMIB packaging for TPU v8e, according to Taiwan’s Commercial Times.
• INTC shares have gained 40% since its quarterly report last week.
• Stocktwits sentiment for INTC was ‘extremely bullish.’

Intel Corp. shares are headed for their best month on record, marking one of the year's best comeback stories, with the latest boost from U.S. President Donald Trump sending the legacy chip giant's stock soaring in the previous session. Still, there may be some fundamental signals lending support.

On Wednesday, Trump praised the chipmaker — about 10% of which is government-owned — and said he was "very proud of that Company in that I am responsible for making the United States of America over 30 Billion Dollars in the last 90 days on that stock alone."

Shares of the Santa Clara, California-based company have soared more than 114% in April and are now perched at record highs.

Meanwhile, Taiwanese business newspaper Commercial Times reported, citing sources, that Apple and Google are considering using Intel's foundry services, with initial products potentially landing as early as 2027.

Apple is considering manufacturing some of its M-series processors on Intel’s 18A-P node, while Google might tap the chip-maker EMIB (Embedded Multi-die Interconnect Bridge) advanced packaging for TPU v8e.

Notably, Intel’s flagship Panther Lake mobile processor and the Clearwater Forest server CPU are both built on its 18A process, while Tesla has tapped Intel’s 14A node to manufacture chips for its Terafab data center complex in Austin.

INTC’s Foundry Momentum

Put together, the developments point to momentum for Intel’s foundry business, which had long been a sore point for the company. 

The Commercial Times report added that customers have also begun validating test chips on Intel’s 18A node, and the development of the enhanced 18A-P process is advancing in parallel.

Intel CEO Lip-Bu Tan will visit Taiwan in June to attend the Taipei International Computer Show (COMPUTEX) and meet supply chain partners, Commercial Times reported.

Intel shares rose 12% on Wednesday. They gained nearly 2% in the overnight session after Trump’s remarks. The stock’s turnaround began in August 2025, following a report that the U.S. government is in talks to pick up a stake in the struggling chipmaker, surprisingly just days after Trump sought the ouster of CEO Lip-Bu Tan, calling him "highly conflicted." The very next month, the U.S. president posted an AI-generated image showing him at the Oval Office desk surrounded by monitors with trading charts, with texts on the image reading “Bought Intel at $20” and “Intel now at $30.”

Retail’s View On INTC Stock

Intel’s rally is keeping investors hooked. Shares are up 40% since the company’s quarterly report on April 23, taking the year-to-date gains to 157%.

INTC was among the top trending tickers on Stocktwits early Thursday, with retail sentiment holding firm in the ‘extremely bullish’ zone since the chip-maker's earnings report last Friday.

Revenue rose 7% to $13.6 billion last quarter, beating Wall Street estimates by about 9%. The Data Center and AI segment posted particularly strong sales, which rose 22% to $5.05 billion. The Trump administration purchased a 10% stake in Intel last August.

Intel Foundry’s operating loss narrowed to $2.4 billion, improving by $72 million quarter over quarter, supported by better yields across Intel 4, 3, and 18A processes.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Read Next: Microsoft, Meta And Google Just Silenced AI Spending Critics In One Earnings Night As Big Tech Capex Swells To $725B