Key Takeaways Shares of Intel extended their rally Thursday following reports the company is soliciting an investment from Apple after winning a $5 billion pledge from Nvidia last week.Wall Street analysts said they see new developments bringing more gains in the near term,

Intel (INTC) shares have increased by 6.4% in just one day. The stock also remains up by about 25% since mid-September. The gains are driven in part by Nvidia’s move to invest $5 billion into Intel. Besides this,

The Nvidia partnership expands Intel's addressable market by $100B. The business turnaround is still a work in progress. See more on INTC here.

Intel shares have been on a tear over the past month, after the U.S. government, SoftBank, and then Nvidia all invested in the chipmaker, giving it much-needed votes of confidence as it ramps up its all-important 18A node.

Intel Corporation’s stock reached a 52-week high, closing at $32.38, pushing its market capitalization to approximately $150 billion. According to InvestingPro analysis, the stock’s RSI indicates overbought conditions,

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

The two companies are partnering in products in the data center and PCs. The move gives Intel a much-needed lifeline. The chip giants announced Thursday that Nvidia would invest $5 billion in Intel at a share price of $23.

Shares of furniture and home-goods retailers fell in off-hours trading after President

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.