Intel stock jumped Wednesday on a report that the semiconductor giant is in early talks with AMD about having the company's longtime rival sign up as a foundry business customer. Intel (INTC) rallied more than 5% to 35.24 in afternoon trades on a Semafor report that the company is considering making chips for AMD (AMD). Such an agreement would be a big win for Intel, which has been trying to expand its chip manufacturing business. The company's chip manufacturing business has had such a disappointing performance, some analysts have even raised questions about the decision to launch it. YOU MAY ALSO LIKEWhy Drug Stocks Are Celebrating Trump's 100% Pharmaceutical TariffReddit Stock Slides Below Key Level Amid Chatter About ChatGPT-Driven Traffic