Intel stock (NASDAQ: INTC) surged nearly 10% on Wednesday, as investors cheered the company's unveiling of its Core Ultra Series 3 processors, the first consumer chips built on Intel's 18A manufacturing process.
Lip-Bu Tan took over as CEO, slashing costs and bringing some discipline to Intel's operations. A flurry of deals bolstered the balance sheet, including a partnership with Nvidia.
Advanced Micro Devices Inc (NASDAQ:AMD) and Intel Corp (NASDAQ:INTC) are getting plenty of attention today, as investors monitor the Consumer Electronics Show (CES) in Las Vegas.
Micron recently boosted its outlook for server shipments. Micron sells both HBM memory for AI chips and standard server DRAM, both of which are in short supply.
Intel stock rose after the launch of its Core UltraSeries 3 processors, the “most advanced semiconductor process ever developed and manufactured in the U.S.”
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