Is the Intel Comeback Finally Real

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•  28 Jan 2026
 

•   AAPL  
   
  +0.62%
•   INTC  
   
  -0.84%
•   NVDA  
   
  -0.51%
•   TSM  
   
  -1.40%

$INTC surged more than 11% after reports that $NVDA is considering moving part of its future chip production to Intel manufacturing facilities instead of relying exclusively on Taiwan-based $TSM. For a company that has been fighting to prove its foundry strategy is viable, this was the kind of headline that can instantly change sentiment.

According to the reports, Nvidia is evaluating a potential collaboration with Intel for its next-generation GPU platform, code-named Feynman expected to reach the market around 2028. The scope appears limited and does not involve Nvidia core GPU die production. TSMC is expected to continue manufacturing the main graphics processor, while Intel would produce other components, mainly in the I/O segment, using its advanced 18A manufacturing process. Intel is also expected to take part in advanced packaging stages, although most of that activity would remain with TSMC.

The importance of this development is less about volume and more about validation. Intel has been seeking anchor customers for its foundry business, and any engagement from Nvidia, even partial and limited, is viewed as a meaningful vote of confidence in its manufacturing capabilities.

The reports also mention that $AAPL is holding early discussions with Intel regarding the production of an entry-level processor. While the talks are still at a preliminary stage, Apple interest alone is being interpreted by the market as another signal that Intel technology perception may be improving.

The rally stands out given the stock recent volatility. Just days earlier, $INTC fell roughly 15% following disappointing quarterly results and weak forward guidance. Management warned about severe supply chain constraints that could significantly impact production capacity in early 2026 and issued revenue guidance below market expectations. Although quarterly revenue reached $13.7 billion and came in better than expected, the cautious outlook weighed heavily on sentiment.

Against that backdrop, the new reports quickly shifted the narrative. Over the past year, Intel has experienced numerous sharp swings of more than 5%, but a double-digit jump remains relatively rare even for this volatile stock. The latest move reflects renewed hope that Intel strategy to become a contract chip manufacturer for third parties could eventually evolve from a costly investment into a meaningful growth driver.

Since the beginning of the year, $INTC has gained about 24%, though it still trades below its peak from early 2026. For traders and investors, the central question remains execution. The headlines have improved sentiment, but long-term confidence will depend on Intel ability to secure concrete agreements and deliver on its manufacturing roadmap.

For now, the market is responding to a shift in perception. Potential cooperation with $NVDA and early-stage talks with $AAPL have reignited belief that Intel foundry ambitions may have a real path forward, and that possibility was enough to fuel an 11% surge in $INTC.

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