Intel surges 9% premarket on Apple chip deal announcement

Industry
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Summary · why it matters

Intel shares soared nearly 9% in premarket trading after President Donald Trump said the company struck a deal with Apple to design and build chips in the United States. The announcement lifted other chipmakers, with Marvell Technology rallying nearly 7% and Lam Research and Applied Materials each rising about 5%. Memory stocks also gained, as Western Digital added 5.6% and Micron Technology and Sandisk each climbed about 4%. In other moves, Accenture tumbled 13% after agreeing to acquire runZero, Netrise, and a majority stake in Dragos in a combined deal valued at approximately $4.175 billion, while Smith & Wesson jumped 14% on an earnings and revenue beat and a 23% year-over-year increase in handgun sales to sporting goods retailers. Cruise operators advanced on falling oil prices, with Carnival up 3% and Royal Caribbean and Norwegian Cruise Line adding roughly 2%, while airlines including United Airlines, Delta Air Lines, and American Airlines also rose about 2%. Pfizer fell 1% after announcing CFO Dave Denton will step down on August 15, and SpaceX shed 1.2% following a 5% loss on Wednesday after surging more than 40% last week.

Impact on stocks 19

Semiconductors▲ · 6 stocks
Intel Corporation
INTC
▲ PositiveDemandrelevance

Intel struck a deal with Apple to design and build chips, driving shares up 9%.

Consumer Discretionary▲ · 5 stocks
Smith & Wesson Brands Inc
SWBI
▲ PositiveCapitalDemandrelevance

Smith & Wesson reported earnings and revenue beat and 23% YoY increase in handgun sales.

Industrials▲ · 3 stocks
Artificial Intelligence± Mixed · 2 stocks
Accenture plc
ACN
▼ NegativeCapitalrelevance

Accenture agreed to acquire runZero, Netrise, and a majority stake in Dragos for ~$4.175 billion, causing a 13% drop.

Apple Inc.
AAPL
▲ PositiveDemandrelevance

Apple struck a deal with Intel to design and build chips, boosting Intel's revenue prospects.

Biotech & Genomic Medicine▼ · 1 stocks
Pfizer Inc
PFE
▼ NegativeCapitalrelevance

Pfizer announced CFO Dave Denton will step down on August 15, causing a 1% decline.

Space Economy▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks

Theme Impact 3

Off-coverage companies 2

Dragos, Inc.Private± Mixed
relevance

runZeroPrivate± Mixed
relevance

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