From Yahoo Finance: 2024-03-27 16:38:00

Intel (NASDAQ: INTC) stock rose 4.2% while Nvidia, Super Micro Computer, and Broadcom saw declines. AMD went against the trend, up 0.97%, thanks to shared reasons behind Intel and AMD’s gains amidst AI stock pullbacks. The market saw drops in many AI stocks today due to tensions between China and the West. Chinese President Xi Jinping’s visit to the Netherlands revealed challenges in China’s tech rise. Despite this, Intel’s bullish news on 3nm processor design production has investors optimistic about the company’s future. As Taiwan fab revenues grow, Intel’s new CPUs and GPUs are on the horizon with performance improvements expected.



Read more at Yahoo Finance: Why Intel Stock Rose Despite Bearish Momentum for Artificial Intelligence (AI) Stocks Today