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Intel Corp (NASDAQ:INTC, XETRA:INL) shares moved higher on Friday, adding more than 7% on optimism about demand for AI-powered personal computers. Investors remain bullish on Intel amid escalating trade-secret litigation with Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM).
Given its already huge market cap, Nvidia continues to top analysts' expectations. TSMC's ability to manufacture at scale ever-smaller nodes in the chips it produces will provide massive benefits.
TSMC is one of the companies best positioned to benefit from the AI infrastructure buildout. Pinterest is seeing solid growth as it transforms itself into a shopping discovery platform.
Intel Corp (NASDAQ:INTC, XETRA:INL) has dismissed allegations from Taiwan Semiconductor Manufacturing that its newly rehired executive, Wei-Jen Lo, shared confidential information from his former employer. The US company said it had “no reason to believe there is any merit” to the claims and stressed that its internal policies forbid the use or transfer of third-party intellectual property.
President Donald Trump's administration is negotiating a Taiwan trade deal involving semiconductor investments and reduced tariffs amid regional tensions.
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