American business executive and CEO of Intel since March 2025
Investors are shifting from chipmakers to hyperscalers, with AI capex by big tech cited as a key driver. The Magnificent Seven have lagged while memory and semiconductor stocks surge, signaling a rotation in market leadership as analysts weigh monetization risks and the pace of AI spending.
The Trump administration has announced a deal in which Intel will design and build chips for Apple in the United States. The move is framed as strengthening domestic manufacturing and reducing reliance on overseas supply chains. Apple’s chip supply and Intel’s revival are central to evolving U.S. tech policy and market expectations.