Intel Corp (INTC) Climbs 11% on Nvidia, Apple Order Buzz

We recently published 10 Stocks Gaining Double Digits Effortlessly. Intel Corp. (NASDAQ:INTC) was one of the best performers on Wednesday.

Intel rallied for a second day on Wednesday, jumping 11.04 percent to close at $48.78 apiece, as investors loaded portfolios amid ongoing buzz that it has clinched a significant 2028 order from Nvidia Corp.

An article by the DigiTimes, citing recent supply chain reports, said that Nvidia and Apple Inc. are planning to collaborate with Intel Corp. (NASDAQ:INTC) on its 2028 Feynman architecture platform.

“Both companies are targeting ‘low volume, low-tier, non-core’ production runs to align with Trump administration directives while preserving their core TSMC relationships. This dual-foundry approach is designed to minimize mass production risks while satisfying political pressures,” the report said.

Neither Intel Corp. (NASDAQ:INTC), Nvidia, nor Apple has yet to confirm the report.

In other news, Intel Corp. (NASDAQ:INTC) last week announced that it swung to a net profit of $26 million in full-year 2025, versus a $19.23 billion net loss in 2024. Net revenues, on the other hand, were flat at $53 billion.

For the fourth quarter alone, the company widened its net loss by 118 percent to $333 million from $153 million in the same period in 2024, while revenues dipped by 4 percent to $13.67 billion from $14.26 billion year-on-year.

Looking ahead, the US-based chipmaker is targeting to book revenues between $11.7 billion and $12.7 billion in the first quarter of the year.

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Disclosure: None. This article is originally published at Insider Monkey.