Intel Corp. rocketed 10.6% on Thursday after President Trump announced Apple would partner with the company to design and manufacture chips in the United States, delivering the strongest validation yet of Intel's foundry strategy and triggering the semiconductor sector's sharpest single-day rally in weeks. The S&P 500 advanced 1.1% to 7,500.58, the Nasdaq Composite gained 1.9% to 26,517.93, and the iShares Semiconductor ETF (SOXX) surged 6.6%, fully reversing losses from the Federal Open Market Committee's rate-hike signal on June 16.
Today's biggest movers
| Ticker | Close | Day | 1mo | YTD |
|---|---|---|---|---|
| $INTC | $133.99 | +10.64% | +12.63% | +240.25% |
| $SMCI | $30.66 | +10.37% | -8.37% | -0.97% |
| $TSM | $462.12 | +6.94% | +15.06% | +44.59% |
| $ARM | $439.46 | +4.91% | +71.18% | +283.04% |
| $AMD | $537.37 | +4.86% | +20.06% | +140.47% |
| $DELL | $409.50 | -2.34% | +68.57% | +220.42% |
| $CRM | $151.78 | -2.09% | -15.72% | -40.15% |
| $PLTR | $128.47 | -1.65% | -6.33% | -23.47% |
| $DDOG | $223.00 | -1.60% | +5.07% | +66.70% |
| $NET | $224.06 | -1.24% | +6.63% | +14.30% |
Intel jumps 10.6% on Trump-Apple chip manufacturing announcement
Intel Corp. (NASDAQ: INTC) closed at $133.99, up 10.6%, after President Trump posted on social media that Apple had "agreed to work with Intel to design and build its Chips in America." Securing Apple as a foundry customer would be the most consequential step yet in Intel's pivot from vertically integrated chip designer to contract manufacturer competing directly with Taiwan Semiconductor. Bank of America analyst Vivek Arya raised his 2030 server CPU total addressable market estimate to more than $170 billion from $125 billion and now models Intel's earnings power at more than $6 per share by 2030, up from a prior range of $3 to $4. Intel reports next on July 23.
The announcement accelerates a reshoring narrative that had been building through 2026 U.S. industrial policy. INTC gave up significant ground on FOMC day June 16 as higher-for-longer rates pressured capital-intensive foundry investment; Thursday's Apple news more than offset that decline and pushed Intel's year-to-date gain to 240%.
Super Micro secures $7B financing for $39B AI server backlog
Super Micro Computer Inc. (NASDAQ: SMCI) gained 10.4% to $30.66 after securing a $7 billion financing package to address its $39 billion order backlog for high-density AI server systems. The capital resolves a near-term liquidity overhang that had weighed on shares, though gross margins have contracted from 12% to 6% over the past year and a recent dilutive capital raise triggered a 28% decline before Thursday's recovery. Five of eight covering analysts rate SMCI a buy; the consensus 12-month price target of $37.25 represents a 21% premium to Thursday's close.
TSMC upgrades 2026 revenue outlook above 30%
Taiwan Semiconductor Manufacturing Co. (NYSE: TSM) gained 6.9% to $462.12 after management updated its full-year 2026 revenue growth guidance to above 30% in U.S. dollar terms, alongside elevated capital expenditure commitments that signal confident demand visibility through the second half. TSM reports Q2 2026 earnings on July 16. Seventeen covering analysts rate the stock a strong buy, with a consensus 12-month price target of $473.40. TSMC's market capitalization stood at $1.97 trillion at Thursday's close.