Markets INTC JUN 19, 2026

Intel surges 10% to $133.82 after Trump says Apple chip deal struck; SOX hits record

INTC opened up $12.72 on Trump's Truth Social claim of an Apple manufacturing pact; the Philadelphia Semiconductor Index advanced more than 6% to a record. Neither company has confirmed.

BY HENLEY MARRAST · MARKETS DESK

Intel shares jumped 10.5% to $133.82 shortly after Thursday’s open, a $12.72 move, after President Donald Trump posted on Truth Social that “Apple has agreed to work with Intel to design and build its Chips in America.” Neither company has confirmed the arrangement. Intel told CBS it wouldn’t comment “about a potential Apple–Intel agreement,” declined to comment to CNN, and Apple didn’t immediately respond to requests for comment.

The market took the post at face value anyway. Intel had run 9% in the premarket, per CNBC, and by 2:01 p.m. New York time the S&P 500 was up 1.1% and the Nasdaq 100 had gained 2.4%. The Philadelphia Semiconductor Index advanced more than 6% to a record high, with Nvidia topping S&P 500 gainers on a points basis after Trump’s same post also championed Nvidia and Elon Musk’s Terafab chipmaking effort.

Trump framed the move in industrial-policy terms: “I decided to help Intel because we need to design and build our Chips right here in America.” That framing has teeth. The US government took a 10% stake in Intel in August 2025, making Washington both a shareholder and the announcer of its commercial wins. The line between policy and price action is now thin enough to trade on a single Truth Social post.

The substance, if it materializes, would matter. TSMC has produced “almost exclusively” Apple’s most advanced processors, per CBS, and Bloomberg previously reported Apple held exploratory talks about using Intel and Samsung Electronics for US-produced main processors. Apple CEO Tim Cook told the Wall Street Journal this week that product price hikes are “unavoidable” because of rising chip costs, a useful softener for any onshoring narrative that follows.

Intel stock is up more than 464% over the past twelve months, a run that long predates Thursday’s post. Micron and Broadcom rode the same SOX tape higher. The reflex is now automatic: the state names a champion, the index prints a record, and the confirmation arrives later, if at all.

Sources

About the author

Henley Marrast

MARKETS DESK

Henley Marrast covers AI-equity flow, accelerator demand, and earnings prints for AI Sheet Report. She leads coverage of the public AI complex from the New York markets desk, with a focus on the daily tape and quarterly results. She has been writing about technology markets for several years.