Intel shares rose on reports of a Google AI chip order 11.11%
6Month 8Intel shares rose immediately after the report on day 11.11%. The report said Google planned to order more than 2028 tensor processing units by 3,000,000, and also raised the possibility of foundry cooperation between Google and NVIDIA. The S&P 500 rose 0.30%, while the Nasdaq rose 0.86%.
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6Month 8day, Intel shares rose immediately after the report by 11.11%. The report said Google planned to order more than 2028 tensor processing units by 3,000,000. The orders were classified as being related to chips for AI accelerators.
The same report raised the possibility that Google and NVIDIA would cooperate with Intel's foundry business. The report said Intel's 18A process was expanding into the mass-production stage. A foundry is a business that manufactures chips on behalf of semiconductor designers.
Following the news, the S&P 500 index closed up 0.30%, while the Nasdaq index rose 0.86%. In the semiconductor sector, AMD (Advanced Micro Devices) and NVIDIA shares also rose. The broader market posted a modest upward trend that day.
The report conveyed the possibility of a large order and a partnership. Intel has not yet announced an official contract or disclosed detailed terms. Additional information is expected if related official documents or a company announcement are released.
The report was immediately reflected in the stock price on the exchange. Investors should check the company's official announcements and disclosures. Further volatility may emerge if official materials related to the contract are released in the future.
Sources: The Motley Fool
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.