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Intel (INTC) stock rose nearly 2% as the chipmaker announced a slew of new products.
Yahoo Finance’s Dan Howley reports:
The new chips, the Xeon 6 CPU and Gaudi 3 AI accelerator, promise improved performance and power efficiency and come at a time when Intel is trying to prove it has what it takes to be a major player in the AI space.
The announcement follows a Wall Street Journal report that Qualcomm is looking into a potential takeover of Intel to bolster its own chip business. Bloomberg, meanwhile, reported that Apollo Global Management is interested in making a multibillion-dollar investment in the chipmaker that would back Intel CEO Pat Gelsinger’s massive turnaround plan.
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