Intel stock mostly held a sharp hike on Monday, after the stock surged on Friday when an analyst predicted the chip giant was nearing a deal to supply Apple in 2027.

Shares in Intel rose 10% on Friday after TF International Securities analyst Ming-Chi Kuo posted on X that he expected Intel to begin shipping its lowest-end M processor to Apple as early as second or third quarter 2027.

He said that his latest industry surveys indicate that "visibility on Intel becoming an advanced-node supplier to Apple has recently improved significantly."

Intel stock fell 1.76% as of 9.55am ET on Monday.

Kuo added that the timeline of the partnership is contingent on the development process after Intel releases its process design kit — the blueprint from which Apple's engineers can bu

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