🟢 INTC is trading 3.5% up today after boosting stake in AI startup SambaNova

INTC is trading at $49.69 (+3.45%) after announcing an additional $15 million investment in AI chip startup SambaNova Systems.

• The investment raises Intel's stake in the startup to 9%, following a previous capital infusion in February.
• Intel is bucking a broader market decline that has seen the S&P 500 and NASDAQ drop 0.77% and 0.94% respectively following a speech on Iran.
• Trading activity is high with early volume exceeding 10 million shares.