Overview
- Intel shares, which set a fresh closing record above $129 on Monday, are priced in options for a move of about 8% to 8.5% by week’s end.
- Bank of America raised its price target to $96 yet kept an underperform rating, flagging a multi‑year ramp even if the reported Apple foundry pact becomes formal.
- The Wall Street Journal’s May 8 report of a preliminary Apple manufacturing agreement remains unconfirmed, and Bank of America said any real volume could be years away.
- Intel’s latest filings show a $4.3 billion quarterly net loss and a $2.4 billion loss in its foundry unit, which still struggles with 18A chip yields that must improve before meaningful third‑party production.
- Benzinga reported the U.S. government’s 9.9% Intel stake now carries an unrealized gain of about $41.8 billion, a windfall that has added a political spotlight to the company’s turnaround story.