semiconductor / news / / International Business Times
Intel Corp. shares rose modestly in morning trading Tuesday, gaining more than 2% to $67.03.
Intel regained full control of Fab 34 by buying Apollo's 49% stake for $14.2 billion.
KEY POINTS
- Intel's new multi-generation AI partnership with Google targets optimized cloud and AI infrastructure using Xeon CPUs.
- Intel is involved in Elon Musk's Terafab project and agentic AI with SambaNova using Xeon 6.
- Year-to-date, Intel shares have risen as much as 85%, surpassing valuation estimates and increasing volatility.
- The market is anticipating an 8-12% move in Intel stock post-earnings based on options activity.
COMPANIES
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