Intel Q1 Revenue Tops by $1.24B, Shares Hit Record High with Apple Talks
Intel extended a 13% rally to an all-time high after reporting $13.6B Q1 revenue, topping consensus by $1.24B and driving its RSI above 84.5. Preliminary talks with Apple on US-based chip production and ramped foundry efforts follow a 160% YTD stock surge, underscoring capacity expansion plans.
1. Q1 Revenue Beat and Stock Rally
Intel posted Q1 revenue of $13.6B, beating consensus by $1.24B and sending shares up 13% to a record high. The stock’s 14-day RSI climbed to 84.5, reflecting sustained momentum through April despite traditional overbought levels.
2. Apple Talks and Foundry Expansion
Preliminary meetings with Apple over US-based chip production have supported a 160% year-to-date share surge and may aid CEO Lip-Bu Tan’s foundry growth strategy. Intel is evaluating capacity expansions to meet potential Apple demand and strengthen its manufacturing footprint.