Q1 earnings growth tracking +28%, the strongest since 2021. Berkshire’s first quarter without Buffett ended at $397B in cash. Apple-Intel chip deal capped a 232% Intel year.
Intel (NASDAQ:INTC) was a $19 stock a year ago. Today it closed at $130, an all-time high, up 232% YTD and 433% over the past 12 months. The Friday catalyst: Apple (NASDAQ:AAPL) confirmed a preliminary deal for Intel to manufacture some of its chips.
S&P 500 closed at a record 7,398.93 (+0.8%), Nasdaq at 26,247.08 (+1.7%). Both posted a sixth straight weekly gain, the longest streak since 2024. Dow up 12 points. WTI fell 6.7% on the week to $95.42 despite the Strait of Hormuz still closed. Gas $4.55 at the pump.
THE RUNDOWN
INTEL › THE 232% YEAR › Apple’s preliminary chip-manufacturing agreement with Intel landed Friday. INTC hit a $130.57 all-time high, up 232% YTD and 433% over the past 12 months. Intel just posted its best month in 55 years on the Nasdaq. The US government’s 10% stake from August 2025 is now worth more than $50B.
AI INFRA › $1.12 TRILLION IN 2027 › Morgan Stanley raised its Mag 5 capex projection to $1.12T for next year. AMD beat earnings with data center revenue +57% YoY to $5.8B. Anthropic signed a $1.8B compute deal with Akamai (Akamai +27% Friday on its print). Anthropic also committed $200B to Google over five years for cloud and chips. NVIDIA announced a …
This post was originally published here
