Intel Stock - Apple chip deal and Bernstein upgrade fuel sharp pre-market jump

Edited by ad hoc news Chart & Technicals Desk. Verified prior to publication on 06/18/2026, 11:45 UTC. Details in the imprint.

Intel (US4581401001) draws renewed market attention after reports of a new Apple chip partnership and a bullish analyst move, alongside a fresh 18A-P production milestone cited in recent coverage from Investing.com. These factors together underpin a sharp indicated pre-market move in the shares.

What recent reports highlight

A fresh report from Investing.com states that Intel stock surged about 9.4% in pre-open trading after former President Trump posted on Truth Social that Apple had agreed to partner with Intel to design and manufacture chips in the United States using its advanced 18A process technology.

The same report notes that Intel recently announced at the VLSI Symposium that its next-generation 18A-P process node has entered risk production, promising up to a 9% performance improvement over the standard 18A node while staying on the previously communicated timeline to foundry customers.

Bernstein’s latest stance on Intel

Investing.com also cites Bernstein as having raised its Intel price target to $100 from $65, pointing to strengthening enterprise and data-center demand as agentic AI workloads expand, which provided additional momentum for the shares.

This higher target, paired with the prospective Apple partnership and the 18A-P milestone, frames a more constructive narrative around Intel’s foundry strategy and AI positioning compared with earlier in the year.

How the chart is setting up

According to the Investing.com article, the combination of the Apple story, the Bernstein target hike and the 18A-P update has pushed Intel’s indicated pre-market level toward its recent 52-week high around $132.75, even as the broader market backdrop has been described as retreating.

Against this backdrop, Intel shares are again trading in a range where past rallies had stalled, a zone that many technical traders will watch closely for follow-through or a potential pause after the latest news-driven move.

How the company makes money

Intel primarily generates revenue by designing and selling x86 central processing units for PCs and servers, alongside platforms for data centers, networking and edge computing, while increasingly investing in an external foundry business that offers advanced process nodes such as Intel 18A to third-party chip designers.

Where the stock trades today

The shares of Intel (US4581401001) trade on the Nasdaq at $128.40 as of 06/18/2026, 11:30 UTC.

This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.