Intel Stock News

SANTA CLARA, Calif.--(BUSINESS WIRE)---- $INTC--Intel Corporation (NASDAQ: INTC) today announced that Craig H. Barratt, Ph.D., 63, has been appointed to its board of directors, effective immediately. Dr. Barratt will serve as an independent director. “Craig is a highly accomplished technology leader with a proven ability to innovate, scale, and transform businesses,” said Lip-Bu Tan, Intel CEO....

Intel CEO Lip-Bu Tan will oversee the chipmakers artificial intelligence efforts after the firm's chief technology officer departed for ChatGPT maker OpenAI, Intel said in a statement.

Intel stock has surged 93% in three months as the company unveils new AI strategies and partnerships. The upcoming Crescent Island chips target AI inference tasks rather than competing directly with Nvidia's training-focused processors.

U.S. stocks surged on Monday as optimism over a U.S. government reopening boosted risk appetite. Nvidia, Intel, and AMD are all set to gap higher, with strong uptrends intact and pullbacks likely offering renewed buying opportunities.

All sectors in the Russell 1000 Value were in the positive save for Consumer Staples. Portfolio stock selection was a positive (+240 bps) in the quarter led by Intel (INTC), Seagate Technology (STX), and Tapestry (TPR). Fiserv (FI), Intercontinental Exchange (ICE), and IBM (IBM) were the weakest performers in the quarter.

David Tepper is known for contrarian, deep-value bets and investing in distressed debt and equity. Alibaba stock has doubled since his hedge fund started buying it.

CEO Elon Musk on Thursday said Tesla probably will have to build "a gigantic chip fab" to make artificial intelligence chips and publicly mused the EV maker could work with Intel.

In this video, Motley Fool contributor Jason Hall breaks down the progress Intel (INTC 2.76%) has made recently including partnerships with Nvidia (NVDA 2.22%), Softbank Group (SFTB.Y 2.88%), and even the U.S. government, and how it all bodes for the company's prospects and future.