Intel stock jumped about 10% after President Trump said Apple agreed to design and build chips with the company, clearing a $132.70 resistance that had capped it twice. However, neither Apple nor Intel has formally confirmed the deal, and the U.S. government holds about 10% of Intel since August 2025. The stock has roughly tripled in 2026, boosted by partnerships with Nvidia and Tesla and demand from Agentic AI. Risks remain: Intel's foundry arm is unprofitable, and the PC market faces headwinds. Technical indicators show a mixed picture: the Chaikin Money Flow (CMF) has recovered to neutral but not yet positive, suggesting institutional buying is not fully confirmed. Crypto traders on Hyperliquid remain net short Intel with $4.51 million in net shorts, though the long-to-short ratio is rising slightly. The options market reflects short-term bullish flow but defensive hedging from longer-term holders, as put open interest increased. Key levels: support at $132.70, resistance at $140.69 (Fibonacci 0.618). A failure to hold $132.70 could lead to a bull trap and drop toward $124.58.

Key facts

• Intel stock broke above $132.70 resistance after Trump announced Apple chip partnership.
• Neither Apple nor Intel has officially confirmed the deal; US government owns ~10% of Intel.
• Chaikin Money Flow is neutral, not yet confirming strong institutional buying.
• Crypto traders on Hyperliquid remain net short Intel with $4.51M net shorts.
• Options market shows short-term call buying but increased put open interest as hedging.