Intel Corp. (INTC) stock closed at a new 52-week high on Thursday as traders bid up the stock on hopes that it would receive more bailout money as the chipmaker plots its turnaround. On Stocktwits, Intel stock was the top-trending equity ticker as of early Friday.

Intel is looking for another investor, and it could be Apple. The two companies are expected to discuss future cooperation.

The chipmaker has raised billions from Nvidia, SoftBank, and even the government. Now it's courting an old partner

Talks about a potential investment by the iPhone maker raise further questions about the chip giant, which now has close ties to Washington.

Intel shares surged on reports that it is seeking more investments. The money-losing chipmaker has approached Apple and TSMC about potential investments or partnerships. Intel's shares surged 9%

Intel once powered Apple’s Macs, but after losing its place to Apple Silicon, the chipmaker is now seeking Apple’s investment as it fights to regain relevance.

Stock futures traded mixed Thursday following two days of losses for the major U.S. stock market indexes.These stocks were poised to make moves Thursday:Intel was rising 4% after Bloomberg reported it has approached Apple about securing an investment in the chip maker.

Intel shares are rising after reports of potential investment discussions with Apple, as the company seeks strategic partnerships amid growing competition in AI semiconductors.