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Intel Surges 12% as Hitachi Pact, Google-NVIDIA Foundry Buzz Fuel an AI Comeback
24/7 Wall St.112d agobullish
Intel Surges 12% as Hitachi Pact, Google-NVIDIA Foundry Buzz Fuel an AI Comeback

Shares of Intel (NASDAQ:INTC) are up 12% in early Monday trading, climbing to $111. Investors are reacting to a newly announced strategic collaboration with Japan’s Hitachi alongside a wave of reports suggesting that Alphabet‘s (NASDAQ:GOOGL) Google and NVIDIA (NASDAQ:NVDA) could lean on Intel’s foundry as a backup AI chip supplier. The move extends a remarkable ... Intel Surges 12% as Hitachi Pact, Google-NVIDIA Foundry Buzz Fuel an AI Comeback

Alphabet taps Intel to make three million in-house chips, The Information reports
Reuters112d agoneutral
Alphabet taps Intel to make three million in-house chips, The Information reports

Alphabet's Google has placed an order with Intel to manufacture more than three million tensor processing units in 2028, The Information reported ‌on Monday, citing people with direct knowledge of the discussions. Nvidia is also evaluating ‌whether Intel's technology can be used to make a processor that combines four graphics chips into a single ​unit, although it has not placed an order with the company yet, the report said. Intel's shares rose more than 9% in early trading, set to add to the nearly 169% gain so far this year, on the back of signs of steady turnaround progress at the ‌company since Lip-Bu Tan took the ⁠helm.

Intel (INTC) and Hitachi Team Up to Accelerate Physical AI Across Industries
Insider Monkey112d agoneutral
Intel (INTC) and Hitachi Team Up to Accelerate Physical AI Across Industries

Intel Corporation (NASDAQ:INTC) is one of the 14 AI Stocks Making Headlines on Wall Street: Qualcomm, Microsoft, and More. On June 5, Hitachi and Intel Corporation (NASDAQ:INTC) announced entering into a strategic collaboration aimed at accelerating physical AI, advanced computing, and next-generation digital infrastructure across sectors such as manufacturing, energy, and other critical industries. Hitachi’s […]

U.S. Stake in Intel Adds Policy Angle to AI Valuation Debate
Simply Wall St.112d agoneutral
U.S. Stake in Intel Adds Policy Angle to AI Valuation Debate

U.S. government acquires an ownership stake in Intel (NasdaqGS:INTC) under the Trump administration. Transaction is part of a broader federal approach to take equity stakes in key AI and semiconductor companies. Move goes beyond prior grants and subsidies, introducing direct public sector participation in Intel's capital structure. Intel, traded on the NasdaqGS under the ticker INTC, is a major U.S. semiconductor and AI hardware company. Federal ownership adds a new layer to an already high...