Intel's fortunes have dramatically changed in recent months, with the chipmaker's shares more than doubling to an all-time high after signing a deal with Apple. The company's turnaround effort, led by CEO Lip-Bu Tan, has been boosted by a surge in demand for its data-center CPUs, driven by the proliferation of AI agents. Intel is set to supply chips to Nvidia, SpaceX, and Apple, with the US Treasury becoming its biggest shareholder after a rescue package. With the government's backing, Intel is poised for a bright future, but execution risks remain.
Intel's Resurgence: Apple Deal Boosts Chipmaker to New Heights
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