INTC is trading at $45.61 (+3.5%) in pre-market as Intel prioritizes surging AI server processor demand over PC production amid a global memory crunch and CPU shortage.
- Intel and AMD are reportedly squeezing PC manufacturers by shifting production focus toward high-margin AI infrastructure to address supply constraints.
- Broader market sentiment is positive, with S&P 500 and Nasdaq futures rising approximately 0.8% on Mideast ceasefire hopes.
- The move follows a March 24 close of $44.06, with no fresh earnings reports or major product announcements scheduled for today. [Hero News ID: 69c3706c702662644ceda194]