Intel (INTC) is riding a win streak on the stock market, thanks to numerous big investments in the last few months. From the US government to Nvidia, the former tech giant has seen a revival this year in its stock, and the investments are expected to continue. recent weeks it secured $5 billion from Nvidia, along with a promise to co-develop a new AI chip, and $2 billion from SoftBank. Now, Intel is reportedly in talks with Apple about a potential investment, per a New York Times report.

The struggling chipmaker has held several rounds of talks with the iPhone developer, per the NYT. Intel used to be a primary supplier for Mac computers, and the two companies codeveloped Thunderbolt technology. But their arrangement began to wane in 2020 and was finally phased out as of 2023. The iPhone maker and Intel have also discussed how to work more closely together, the NYT report said, adding that the talks are at an early stage and may not lead to an agreement

While neither Intel nor Apple has confirmed the resumption of talks, Wall Street responded positively, sending INTC up 4% on Thursday. This is in line with the stock’s 30% climb in the last 30 days, and 64% rally YTD.

Apple’s Potential Intel Investment: How it Can Further Boost INTC

Recent analyst upgrades and discussions about partnerships indicate positive momentum for the company amidst ongoing challenges in the semiconductor sector. Analysts have mixed opinions on Intel, with price targets ranging from $14 to $25. The current market price is $33, above all analyst targets. Loop Capital offers a Hold rating with a $25 target, boasting the highest price target accuracy (99.85/100).

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In contrast, Rosenblatt issues a Sell with a $14 target, while maintaining a lower direction accuracy (41.51/100). Analysts like JP Morgan and Goldman Sachs have also set targets at $21, indicating a general bearish outlook despite differing historical performance metrics.