Trump Flags Apple-Intel Chip Tie-Up as AAPL Holds at $299

Apple shares stabilized near $299 on June 18 after earlier rate-shock selling. The latest catalyst came from President Trump’s social-media post signaling a potential Apple-Intel manufacturing partnership aimed at strengthening U.S. supply chains. At the same time, analysts flagged near-term product price increases driven by tight memory supply. The moves follow Apple’s resilient Q2 FY2026 print, which showed 16.6% revenue growth and a fresh $100 billion buyback authorization, reinforcing the stock’s long-term appeal despite macro volatility.