Intel Stock Surges Amid Tech Rebound and AI Optimism
Intel shares ROSE 5% this week, buoyed by a broader tech rally and Alphabet's Gemini 3 AI announcement. The chipmaker's push into advanced manufacturing and AI initiatives fueled the rebound, offsetting an 8% decline over the prior month.
Speculation intensified around Intel's upcoming Arc B770 gaming GPU, with Wall Street anticipating a stronger challenge to Nvidia and AMD in the discrete graphics market. Yet Citibank remains skeptical, citing Intel's lag behind TSMC in foundry capabilities and reports of abandoned Nvidia packaging projects.