Intel Corporation is trading 3.1% up at $110.39, continuing its upward momentum following recent news of a major AI chip manufacturing order from Google.
- Reports from earlier in the week confirmed that Google placed a substantial order for its custom AI chips (TPUs) with Intel's foundry services, a significant validation of Intel's manufacturing capabilities.
- This news was the primary driver of the stock's recent strong performance, including an over 11% jump on June 8th.
- The current move also aligns with a broader rebound in the semiconductor sector.