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 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 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 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 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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