# Chip stocks are dominating the conversation after Intel's strong quarter and comments about the market for central processing units (CPUs) The rise of agentic AI is shifting the CPU-to-GPU balance in AI clusters.

*fintech · news · 2026-04-24 · CNBC*

## Key points

- Intel's CEO says agentic AI is shifting AI cluster demand toward a more even CPU-GPU mix.
- Arm Holdings has begun developing its own CPU, not just licensing designs.
- Arm Holdings' stock surged over 30% since Monday, prompting a new $250 price target.
- Meta will deploy at least tens of millions of Amazon Graviton Arm-based CPU cores.

**Companies:** Intel, Amazon, Alphabet, Apple, Meta Platforms, Microsoft, AMD, Arm Holdings, Corning, Starbucks, Cardinal Health, Eli Lilly, Linde, Visa, Mastercard, Chevron, Coca-Cola
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/04/24/were-raising-our-price-target-on-chipmaker-arm-after-its-blistering-rally-.html)

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