Apple and Intel Just Signed a Historic Chip Partnership. Is the Silicon Pioneer a No-Brainer Buy Today?

Apple and Intel Just Signed a Historic Chip Partnership. Is the Silicon Pioneer a No-Brainer Buy Today? Keithen Drury, The Motley Fool Tue, June 23, 2026 at 9:59 PM GMT+2 3 min read INTC AAPL NVDA A while ago, Intel (NASDAQ: INTC) was left for dead by the market.

The market had a good reason: Its foundry business was losing a ton of money, and its chip technology was starting to lose to competitors. However, after a series of investigations from the U. S.

government and other entities like Nvidia , it's starting to look like it's coming around. The reality is that Intel is too important to national infrastructure to fade into obscurity, and getting it back into top shape was a top priority for the U. S.

government. Fortunately, investors are starting to see major signs of improvement in Intel. One of those came in the form of a new deal with one of the biggest clients any company can have: Apple (NASDAQ: AAPL).

Missed Nvidia in 2009? This Rare Signal Is Flashing Again.  In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.

 For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia.   Continue » According to a Truth Social post by President Donald Trump, Apple has agreed to a deal to design and build chips in the U. S.

with Intel. That's a major development, but does it make Intel stock a buy now? Image source: Getty Images.

Intel has come a long way from its lows Back on Aug. 22, 2025, the U. S.

government announced an $8. 9 billion investment in Intel. That kick-started a major rally in the stock, and it has risen about 440% since then.

That's a solid gain so far, but after a run like that in less than a year, investors may be worried that the stock is becoming overvalued. And they're right to be concerned. Intel trades for 123 times forward earnings and 87 times 2027 earnings projections.

Data by YCharts. That's a lot of growth already priced into the stock, and it easily raises red flags for me. However, big deals like the one potentially coming with Apple are a huge part of that hype.

Currently, nearly all of Apple's chip supply comes from Taiwan Semiconductor Manufacturing (NYSE: TSM). TSMC also supplies a vast majority of the chips used in AI products, and its production capacity is being stretched thin. With Apple looking to diversify or completely change its suppliers, it opens the door for Intel into a major business opportunity.

If it pans out, it could easily grow to a point that justifies Intel's current valuation. Intel's stock was priced at a premium in anticipation of a potential major landmark deal like this, but we'll have to see what this looks like in practice, and it may be a few years before Intel can start producing Apple's chips. At the very least, it's confirmation that the Intel revival is going as planned, though I'm hesitant to recommend the stock until we see a concrete purchase agreement and know how much of Apple's business Intel will be handling.

Until then, I'm comfortable sitting on the sidelines. Story Continues Should you buy stock in Intel right now? Before you buy stock in Intel, consider this: The Motley Fool  Stock Advisor  analyst team just identified what they believe are the  10 best stocks  for investors to buy now… and Intel wasn't one of them.

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Keithen Drury has positions in Nvidia and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Apple, Intel, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy .

Apple and Intel Just Signed a Historic Chip Partnership. Is the Silicon Pioneer a No-Brainer Buy Today?