Today’s Top Stories: What Moved Stocks Today — Intel Foundry Deal, Micron Rebound, and Apple WWDC

TLDR

• Intel shares surged on reports Alphabet may use its foundry to manufacture millions of AI chips
• Micron rebounded sharply as investors returned to memory stocks tied to AI and data centers
• Apple’s WWDC kicked off with investors watching for AI updates including improvements to Siri
• SpaceX IPO speculation continued to build, with potential ripple effects for public space stocks
• Corning jumped after a multibillion-dollar Amazon deal linked to data-center infrastructure demand

Today’s market action was driven almost entirely by artificial intelligence. Chip stocks, data-center suppliers, and consumer tech names all moved on AI-related news.

Intel Gets a Lifeline from Alphabet Reports

Intel was one of the biggest movers of the day. Reports suggested Alphabet could use Intel’s foundry to manufacture millions of its own AI chips.

Intel Corporation, INTC

That news sent Intel shares sharply higher. Intel has struggled for years to compete with Nvidia, AMD, and Taiwan Semiconductor in advanced chip manufacturing.

A deal with Alphabet would be a major vote of confidence in Intel’s turnaround. Investors are now watching whether this is a one-off arrangement or the start of a broader comeback for Intel’s manufacturing business.

Micron Rebounds as Memory Stocks Recover

Micron climbed after a rough stretch last week. Investors returned to memory stocks as confidence in AI data-center spending held firm.

Micron plays a key role in the AI supply chain. Advanced AI systems require large amounts of high-performance memory, and rising data-center investment continues to support demand.

The rebound suggested investors still view Micron as a long-term beneficiary of AI infrastructure growth, even after recent volatility.

Apple WWDC Puts AI in the Spotlight

Apple’s annual developer conference began today. Investors are focused on potential AI updates, including improvements to Siri and deeper AI integration across iPhones, Macs, and iPads.

Apple has faced criticism for lagging behind rivals in artificial intelligence. This year’s event carries added weight as the company tries to show it can make AI a real growth driver.

Any major announcement this week could move the stock. Apple still has one of the most loyal consumer bases in the world, but investors want to see results.

Corning Jumps on Amazon Data-Center Deal

Corning surged after news of a multibillion-dollar deal with Amazon. The agreement is tied to growing demand for fiber, glass, and networking components inside data centers.

Corning is not typically seen as an AI stock. But today’s move showed how the AI buildout is reaching beyond chips and servers into the broader infrastructure layer.

As Amazon expands its cloud and AI capacity, suppliers like Corning are seeing real benefits.

SpaceX Buzz and Citigroup’s Bullish Call

SpaceX is not publicly traded, but IPO speculation kept it in the conversation. Investors are watching for what could become one of the largest public listings in history.

A SpaceX IPO could affect related public names including Rocket Lab and AST SpaceMobile.

Citigroup also lifted sentiment by raising its target for the S&P 500. The bank cited earnings strength and the ongoing AI investment cycle as reasons for its more optimistic outlook.

The overall message from today’s session was straightforward: AI infrastructure remains the strongest force driving markets right now.

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