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Intel (INTC) Is Up 16.0% After Securing Preliminary Apple Chip Manufacturing Pact - What's Changed
Simply Wall St.95d agoneutral
Intel (INTC) Is Up 16.0% After Securing Preliminary Apple Chip Manufacturing Pact - What's Changed

In recent weeks, Intel and Apple reached a preliminary agreement for Intel to manufacture some of the chips that power Apple devices, while Intel also named former Qualcomm executive Alex Katouzian to lead its Client Computing and Physical AI Group and confirmed Pushkar Ranade as chief technology officer. Together with Intel’s new AI-focused leadership structure and an expanded push into factory optimization and advanced computing, the Apple deal signals a broad attempt to reposition the...

Intel (INTC) Partners With ChatPPT to Launch Hybrid AI PC Edition Tool
Insider Monkey95d agoneutral
Intel (INTC) Partners With ChatPPT to Launch Hybrid AI PC Edition Tool

Intel Corporation (NASDAQ:INTC) is one of the best high volume stocks to invest in according to hedge funds. On April 29, ChatPPT partnered with Intel to launch the Intel AI PC Edition, a hybrid AI version of its presentation-generation tool. By using Intel’s AI Super Builder V2.8 technology and the OpenVINO toolkit, the application now […]

Review & Preview: Still Going Strong
Barrons.com95d agoneutral
Review & Preview: Still Going Strong

REVIEW PREVIEW NEWSLETTER Broken Record. We’re running out of superlatives for this market. The S&P 500 and Nasdaq Composite closed Friday at new highs once again. It’s their 15 and 11th record closes of the year, respectively.

Intel Apple Chip Deal Puts Foundry Ambitions And Risks In Focus
Simply Wall St.95d agoneutral
Intel Apple Chip Deal Puts Foundry Ambitions And Risks In Focus

Intel (NasdaqGS:INTC) and Apple reached a preliminary agreement for Intel to manufacture chips for Apple. The agreement marks a breakthrough for Intel's foundry effort and involves active support from the White House. The deal highlights U.S. based chipmaking as an alternative to supply chains centered on Taiwan Semiconductor Manufacturing. Intel, traded as NasdaqGS:INTC, has been working to build a contract chip manufacturing business alongside its own processor lines. Apple is one of the...

Fed’s Eyes Turn to Inflation: Heard on the Street Recap
The Wall Street Journal95d agoneutral
Fed’s Eyes Turn to Inflation: Heard on the Street Recap

The U.S. economy added 115,000 jobs in April, the Labor Department said, far exceeding expectations. The unemployment rate stayed unchanged at 4.3%. Intel shares rose 14% after The Wall Street Journal reported that the chip maker struck a preliminary deal to supply chips to Apple.