INTC is trading at $61.91 (+5.02%) following an expanded multiyear AI collaboration with Google and joining Elon Musk's Terafab manufacturing project.
- The Google partnership focuses on Xeon processors and custom IPUs for cloud infrastructure, while the Terafab initiative involves manufacturing AI chips for Tesla and xAI.
- Sentiment is further bolstered by analyst price target hikes and 18A process improvements, building on yesterday's 11.42% rally.
- Intel continues to outperform the broader sector as the NASDAQ sees a moderate gain of 0.85%.