Intel pops on Apple chip rumours, Eli Lilly slips

INTRO

In today’s session, the S&P 500 ticked higher in a shortened Black Friday trading day. The big story was $INTC exploding higher on rumours of a new Apple foundry deal, while $LLY and the AI leaders cooled off after huge runs.

WINNERS -

Chip foundry & Apple supply chain

Names: $INTC, $AAPL

Reason:

$INTC jumped over 10% after speculation it could build future Mac chips for $AAPL, validating Intel’s big foundry push and giving Apple another potential supplier. Traders may look at:

• Long $INTC on follow-through and any confirmation headlines

• Lower-beta way to play the theme via $AAPL if you want less

Memory & storage / new S&P 500 entrant

Names: $SNDK, $WDC

Reason:

$SNDK gaine ...