[DigitalToday reporter Chi-gyu Hwang] Intel shares rose 14 percent on May 5 (local time) to a record high.
The rally was driven by a Bloomberg report that Apple is in talks with Intel and Samsung Electronics over producing key processors for its devices in the United States.
Apple has so far relied on Taiwan's TSMC for chip production.
Intel shares posted a steep rise in April. The stock surged 114 percent in April alone, marking its biggest monthly gain in 55 years since listing on Nasdaq, and its market value topped $470 billion.
Expanded cooperation with Google and plans to take part in Elon Musk's Terafab project were also cited as factors lifting the stock.
Intel also said last month it would buy back its Fab 34 chip facility in Ireland for $14.2 billion.
A rebound in CPU demand as AI spreads is also cited as a backdrop. Chief Executive Lip-Bu Tan said at the first-quarter earnings announcement that CPUs are an essential foundation in the AI era.
Chi-gyu Hwang
delight@d-today.co.kr