Intel’s stock jumps 11% — even as analysts say new Apple chip deal might start small

Intel shares jumped on Thursday as President Donald Trump said that the company will produce chips for Apple in the U.S. The comment from Trump, in a Truth Social post extolling the government’s move last year to take a 10% stake in Intel , comes after the Wall Street Journal last month reported that Intel INTC would make some chips for Apple. The prospect of an Apple deal has been a catalyst for Intel shares even before Thursday, though they’re up another 11% early in the day’s action.