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(Bloomberg) -- Intel Corp.’s stock surged more than 9% in premarket trading Thursday after US President Donald Trump said the chipmaker will work alongside Apple Inc. to design and produce semiconductors domestically.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reached With USApple Plans Camera Air

Shares in Intel are up nearly 10% in premarket trading after President Trump said Apple agreed to work with the tech giant to design and build chips in the U.S. Apple and Intel previously reached a preliminary agreement for Intel to manufacture some chips for Apple devices after more than a year of intense talks, The Wall Street Journal reported in May.

Shares rose over 7% premarket after the president said that Apple agreed to work with Intel to design and build chips in the U.S.

Stocktwits data showed retail sentiment has improved to ‘bullish’ on SPY and QQQ from ‘bearish’ earlier in the week.

The AI chip company’s stock has fallen from its post-IPO highs and is about to report quarterly results. SpaceX investors should take notice.

President Donald Trump said Apple agreed to work with Intel to design and build chips in the U.S., marking a huge win for the government-backed chipmaker.

President Donald Trump said in a ‌Truth Social post on ‌Thursday that Apple had agreed to ​work with Intel to design and build its chips in the United States. Intel had reached a ‌preliminary deal ⁠to make some chips for Apple, following discussions ⁠that went on for more than a year, the ​Wall Street ​Journal reported ​in May.

U.S. President Donald Trump said in a Truth Social post on Thursday that Apple has agreed ‌to work with Intel to design and manufacture its chips ‌in the United States. A partnership with Intel helps Apple diversify its manufacturing base ​as it seeks additional chip capacity. The iPhone maker relies heavily on TSMC, whose advanced production lines are in high demand from AI chipmakers such as Nvidia and AMD.

The U.S. and Iran electronically signed a 14-point Memorandum of Understanding on Wednesday, extending their ceasefire and establishing a framework for a peace agreement.

Jim Cramer reportedly remains bullish on Intel, citing AI-driven demand and a strengthening long-term chip narrative.

Stocks suffered broad, sharp losses on rate hike bets after the first Warsh Fed meeting. SpaceX fell for the first time while Robinhood jumped.

The chip giant's AI-fueled success is undeniable, but its soaring valuation is a stark reminder of the industry's notoriously cyclical past.

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -1.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.98%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.99%. June E-mini S&P futures (ESM26 ) fell -1.19%, and June E-mini Nasdaq futures...

US stocks (^DJI, ^IXIC, ^GSPC) ended Wednesday's session in negative territory after Federal Reserve officials unanimously voted to hold interest rates at their June FOMC meeting today, while also forecasting at least one possible rate hike ahead. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the trading day's market reactions to the Fed's big decision. This was Kevin Warsh's first FOMC meeting he presided over as the new chairman of the Fed.

Intel stock rallies as 18A-P manufacturing node enters risk production. Here’s why the announcement is bullish for INTC shares.

SpaceX is more of an AI stock than a space stock -- and that's great news for Intel.

New node promises better performance and efficiency

Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPD

This semiconductor specialist has emerged as an odds-on favorite to produce the next generation of AI chips. Can it deliver?

Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF

Bernstein’s calls highlight growing confidence in AI-driven server demand and next-generation CPU opportunities across the semiconductor sector.

Reports of stronger demand for Samsung's chipmaking services lifted semiconductor stocks tied to AI supply constraints.

As Micron crosses $1,000 per share, it appears to be an eventual stock split candidate.

ETFs make it possible to begin building a well-rounded portfolio with very little money.

The market finally seized the opportunity.

Intel (NasdaqGS:INTC) has moved its next-generation 18A-P manufacturing process into risk production. The 18A-P process is aimed at advanced AI and data center chips and is designed to be backward compatible for customers. Intel is working with Foxconn on AI infrastructure and with Kontron AG on early edge AI deployments. For investors watching Intel, the shift of 18A-P into risk production is a data point in the company’s attempt to build a foundry business alongside its existing processor...

Research firm Bernstein raised its price targets on three chip stocks — AMD, Arm and Intel — citing a "CPU renaissance."

Intel Hits Critical Manufacturing Target With 18A-P Rollout

Everyone is watching the company's AI accelerators, but a massive, under-the-radar shift in its oldest business could be the real story.

The Dow Jones Industrial Average was up, while the S&P 500 Index and Nasdaq Composite were down in l