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.

The partnership would also cover the joint development of AI infrastructures and personal computing products that accelerate applications and workloads across hyperscale, enterprise, and consumer

Facing deep losses, Intel is mounting a comeback fueled by government policy and private capital. The Trump administration took a 10% stake, while SoftBank and Nvidia invested a combined $7 billion.

Intel stock surged after reports of early talks between Apple and Intel for a potential investment. Nvidia and SoftBank have already shown interest in Intel.

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%