Intel Corp (NASDAQ:INTC) shares are trading higher Monday following reports suggesting NVIDIA Corp (NASDAQ:NVDA) and Broadcom Inc (NASDAQ:AVGO) are performing manufacturing tests with the company.
Intel Stock Jumps On Report Of Nvidia, Broadcom Weighing Chip Maker As Potential Supplier – Retail Lacks Confidence
· 21h · on MSN
Stock of the day: Intel spikes 6% as Nvidia and Broadcom reportedly test its tech for AI-chip making
Intel Stock Climbs as Nvidia and Broadcom Run Tests of Its Chipmaking Arm
Shares of Intel rose Monday following a Reuters report that chip designers Nvidia and Broadcom are running tests of Intel’s manufacturing process, putting the company potentially in-line for major semiconductor contracts.
Intel rivals Taiwan Semiconductor Manufacturing Co and Broadcom are reportedly exploring potential deals that could split the storied American chip giant.
Chip designers Nvidia and Broadcom are running manufacturing tests with Intel , two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company's advanced production techniques.
Palantir Technologies stock returned 240% in the past year, bringing its market value to $199 billion as of March 2. But certain Wall Street analysts think Shopify ( SHOP -4.84%) and Advanced Micro Devices ( AMD -1.63%) will top that figure within a year.
History seems to be repeating itself for Advanced Micro Devices (NASDAQ: AMD). In the early 2000s, it was said that Intel let AMD survive only so that Intel wouldn't be considered a monopoly in the PC processor market.
Is Advanced Micro Devices, Inc. the next Nvidia or Intel? Explore AMD's Q4 results, AI market potential, and competition. Click for more on AMD, NVDA, and INTC.
The buy the dip crowd failed to make an appearance Tuesday and the tech stocks they’ve been pumping up suffered the damage.
Intel (INTC) is in focus amid ongoing recovery ... which has struggled to keep up as names like Nvidia (NVDA) and Advanced Micro Devices (AMD) have capitalized on the artificial intelligence ...
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