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Sandisk (SNDK) Stock Jumps 11% After Apple Flags Unavoidable Memory Price Hikes
Simply Wall St.60d agobullish
Sandisk (SNDK) Stock Jumps 11% After Apple Flags Unavoidable Memory Price Hikes

Apple confirmed rising memory costs, pointing to supplier pricing leverage that affects upcoming products. Following these comments, Sandisk (NasdaqGS:SNDK) saw its stock surge about 11% as investors reacted to the pricing signal. Apple's move comes alongside Intel's agreement to manufacture Apple-designed AI semiconductors, reinforcing demand for high-performance memory. The current Sandisk share price is about $2,182.451, with the stock up 16% over the past week and 57.8% over the past...

Intel taps industry veteran Seok-Hee Lee to lead foundry packaging push
Reuters60d agoneutral
Intel taps industry veteran Seok-Hee Lee to lead foundry packaging push

Intel on Thursday named Seok-Hee Lee executive vice president of its contract chip-manufacturing division ‌as it sharpens focus on its advanced packaging business. The ‌American chipmaker has been trying to reinvigorate its manufacturing business under CEO ​Lip-Bu Tan, after missing out on the AI boom. The appointment follows President Donald Trump's announcement earlier in the day that Apple had agreed to work with Intel to design and manufacture ‌its chips in the ⁠U.S. in a boost to the chipmaker's contract manufacturing business.

Apple’s Latest Reveal Proves That Micron Has “More Room To Run”
24/7 Wall St.60d agoneutral
Apple’s Latest Reveal Proves That Micron Has “More Room To Run”

Gene Munster, Managing Partner of Deepwater Asset Management, used a CNBC segment on June 18, 2026 to tie together two critical semiconductor stories: Apple‘s willingness to raise iPhone prices and the parabolic move in memory chip stocks. His thesis: when the most operationally disciplined hardware company in the world signals it cannot absorb the full ... Apple’s Latest Reveal Proves That Micron Has “More Room To Run”

Why Is Intel (INTC) Stock Rocketing Higher Today
StockStory60d agoneutral
Why Is Intel (INTC) Stock Rocketing Higher Today

Shares of computer processor maker Intel (NASDAQ:INTC) jumped 10.4% in the afternoon session after President Trump posted on Truth Social that "Apple agreed to work with Intel to design and build its Chips in America."

Qualcomm (QCOM) Stock Is Up, What You Need To Know
StockStory60d agoneutral
Qualcomm (QCOM) Stock Is Up, What You Need To Know

Shares of wireless chipmaker Qualcomm (NASDAQ:QCOM) jumped 3.4% in the afternoon session after President Trump announced Apple had agreed to design and manufacture chips with Intel in the United States, a foundry validation the market had been waiting on for over a year.

Intel shares rise after Trump announces Apple partnership
Reuters Videos60d agobullishVIDEO
Intel shares rise after Trump announces Apple partnership

<body><p>STORY: ::Intel</p><p>::Archive</p><p>Shares of Intel rose as much as nearly 12% on Thursday, after U.S. President Donald Trump said the company would partner with Apple on chip design and production...</p><p>:: Intel</p><p>in what would be a major boost for Intel's efforts to turn around its business.&nbsp;</p><p>A contract with Apple would lock in steady demand from the iPhone maker, boosting Intel's reputation and sales as it looks to close the gap with rival TSMC, the world's biggest contract chipmaker.</p><p>::Archive</p><p>::AMD</p><p>For Apple, the deal would help diversify its manufacturing base and add chip capacity at a time when TSMC, its key partner, has been stretched thin by surging demand from AI chip-making clients such as Nvidia and AMD.</p><p>Trump's social media post about the agreement did not specify which chips Intel would make for Apple.</p><p>The president said it was his latest effort to help Intel, in which the U.S. government has a 10% stake.</p><p>::Archive</p><p>The Trump administration has been stepping up efforts to secure U.S. supply chains for semiconductors and critical minerals, including taking equity stakes in companies to reduce reliance on China.</p><p>Apple and Intel did not immediately respond to Reuters requests for comment.</p></body>