Nasdaq Gets Boost From AI Chip Stocks; Fed Rate Question Stays in Focus
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4 Articles
The move is seen as Apple's attempt to reduce its dependence on Taiwan Semiconductor Manufacturing Co (TSMC), in addition to strengthening its production chain in the US.
Intel Stock Jumps 10% After Trump Announces Apple Chip Deal
Intel’s stock just hit an all-time high on the back of a single Truth Social post. On June 18, 2026, President Trump said Apple agreed to work with Intel to build chips in the United States — sending Intel shares up 12% in early trading. Here’s what this deal actually means, why it matters, and what it doesn’t change. What Did Trump Actually Announce? Trump posted on Truth Social that the US needs to design and build its chips domestically. He c…
Nasdaq gets boost from AI chip stocks; Fed rate question stays in focus
Intel soared 10.6% after President Trump announced Apple will partner with the company on U.S. chip design and manufacturing, fueling a semiconductor-led rally that lifted the S&P 500 by 0.93% and the Nasdaq by 2.43% in a holiday-shortened week, even as investors remain wary of persistent inflation and potential Fed rate hikes. The post Nasdaq gets boost from AI chip stocks; Fed rate question stays in focus appeared first on TechStock².
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