Why Intel Corporation (INTC) Was One of the Top “Blue Chip” Stocks Suddenly on Fire in April

Intel Corporation (NASDAQ:INTC) is one of the top “blue chip” stocks that were suddenly on fire in April. Reuters reported on May 5 that, according to Bloomberg News, Apple Inc held exploratory discussions regarding the use of Intel Corporation (NASDAQ:INTC) and Samsung Electronics for the production of the main processors for its devices. Apple executives held preliminary talks with Intel Corporation (NASDAQ:INTC) about enlisting its chip-making services, and also made separate visits to a Texas-based Samsung plant. Reuters further reported that it could not immediately verify the report, with Intel Corporation (NASDAQ:INTC) declining to comment.

Is Intel Corporation (INTC) One of the 10 Large-Cap Stocks that are on Fire Right Now

In a separate development, Intel Corporation (NASDAQ:INTC) announced financial results for fiscal Q1 2026 on April 23, reporting that revenue for the quarter reached $13.6 billion, up 7% year-over-year. It also provided several business highlights, including the expansion of its client portfolio through the launch of Intel® Xeon® 600 processors for workstations, Intel® Core® Ultra 200S Plus and Intel® Core® Ultra 200HX Plus processors for desktops and mobile, Intel® Core™ Series 2 processors for health and life sciences edge computing, and Intel® Core™ Ultra Series 3 processors with Intel vPro®. The company also launched Intel® Core™ Series 3 processors.

Intel Corporation (NASDAQ:INTC) is involved in the design, sale, and manufacture of computer products and technologies. It delivers data storage, computer, networking, and communications platforms. The company’s operations are divided into the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other.

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