INTC deepens AI infrastructure push with Alphabet partnership, powering Google Cloud with Xeon CPUs and co-developing custom IPUs to boost efficiency.
Intel and Qualcomm ramp up AI chip strategies, deepening partnerships and expanding portfolios as competition intensifies across key semiconductor markets.
Intel (NASDAQ: INTC) is up 33% this week amid a wave of Wall Street endorsements and high-profile collaborations, including a multi-year partnership with Alphabet (NASDAQ: GOOGL) to develop AI and cloud infrastructure.
Lumentum and Coherent were gaining on signs of strong artificial-intelligence hardware demand, while Organon was boosted by a takeover report.
Intel surges 58.9% YTD as Musk's Terafab tie-up and fab buyback fuel optimism around its AI chip ambitions and long-term growth outlook.
Google and Intel announced an expanded multi-year partnership on Thursday for Google Cloud to continue utilizing Intel AI infrastructure and to keep developing processors together.
Intel Corporation is poised for a major turnaround as Intel Foundry Services secures high-profile partnerships, notably with Tesla for advanced AI chips. I reiterate a Strong Buy rating on INTC stock with a $93/share target, based on 16.12x eFY28 EV/aEBITDA, reflecting optimism for IFS profitability by eFY28. Momentum is building with Amazon and Alphabet as potential IFS customers, supported by advanced packaging technologies and heightened demand for custom silicon.
Intel just struck another AI chip deal, this time with Google.
AI workloads have stretched data-center capacity to the limit.
Shares of Intel extended gains for a seventh consecutive session on Thursday after the chipmaker announced an expanded collaboration with Google to develop next-generation processors for artificial intelligence data centers. The stock rose about 3% in morning trading, building on a powerful rally that has seen shares climb 47.5% over the current seven-session streak.
Amazon CEO Andy Jassy's annual shareholder letter reads something like a Kendrick Lamar diss track, if the rapper was a corporate-speak talking CEO and not a poetic Pulitzer-prize winning musician.
Intel (NASDAQ: INTC) stock has risen 225.2% over the past year, climbing from less than $18 to a 52-week high of $59.17.