Intel Surges on Apple Deal; Open Interest 6/18/2026

Intel shares surged on Thursday following reports of a deal with Apple to supply chips for a new line of AI-enabled devices, part of a broader push for made-in-America semiconductor manufacturing. The news drove a sharp rally in Intel stock, lifting the broader semiconductor sector. Meanwhile, Kevin Warsh, a former Fed governor, made headlines with remarks that surprised markets, and President Trump's renewed Iran deal reopened the Strait of Hormuz, impacting oil prices.

For interest rate and central bank policy traders, the Intel-Apple deal underscores the ongoing reshoring of chip production, which has implications for inflation and supply chains. The Fed's stance remains a key focus, with Warsh's comments adding to speculation about future policy direction. The reopening of Hormuz could ease oil supply concerns, potentially reducing inflationary pressures. Live rates prices and charts on NowPrice show how these developments are influencing market expectations for rate paths.

Looking ahead, traders will monitor further details on the Intel-Apple partnership and its impact on the semiconductor industry. Fed speeches and economic data will continue to shape rate expectations, while oil market volatility from geopolitical developments remains a risk. The Knicks parade in New York City, while celebratory, also reflects the broader economic backdrop of consumer spending and sentiment.