Intel Corporation partnered with a SoftBank subsidiary to develop next-generation memory technology. The technology targets artificial intelligence and high-performance computing. Commercialization is slated for 2029.
Intel also launched its new Xeon 600 series workstation CPUs. The CPUs feature up to 86 performance cores. They deliver significant performance improvements for demanding professional tasks, including AI applications.
These positive developments fueled investor optimism. Intel's stock price increased approximately 5% on the preceding day and continued pre-market gains.
Rumors of a potential future manufacturing deal with Apple bolstered the market reaction. Reports of insider buying by Intel’s CFO also signaled confidence in the company’s direction.