Intel Stock Surge: Apple and Google Are Eyeing Intel's Foundry — What INTC's +12% Rally Means for Investors

# Intel Stock Surge: Apple and Google Are Eyeing Intel's Foundry — What INTC's +12% Rally Means for Investors

> **Quick answer:** Intel stock jumped 12% on April 30, 2026, hitting an all-time high of $95.69 after reports that Apple is evaluating Intel's 18A-P process for future M-series chips and Google is considering Intel's EMIB advanced packaging for its next-gen TPUv8e AI chip. Neither deal is confirmed. The catalyst is foundry manufacturing interest — not an acquisition — and arrives on top of a blowout Q1 2026 earnings print where Intel's non-GAAP EPS of $0.29 crushed the $0.01 Wall Street consensus.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor before making any investment decisions.*

Intel's foundry comeback narrative just got its most credible endorsement yet. On April 30, shares of Intel Corporation (INTC) closed up roughly 12%, touching $95.69 intraday — a fresh all-time high — as reports surfaced that both Apple and Google are in early-stage evaluations of Intel's manufacturing processes. Here is what is happening, why it matters, and what investors need to understand before reacting.

## What the Reports Actually Say (No Deal Has Been Signed)

The details matter here, and the market has a history of getting ahead of itself with Intel.