Why Intel stocks are rising today
Stocks Intel (NASDAQ: INTC) It flies high on Tuesday. The company’s shares rose 6.6% as of 3pm, but rose 10.7% earlier in the day. The gain is as follows: S&P 500 0.1% slipped Nasdaq Composite That day it fell by 0.2%.
Intel yesterday announced that Justin Hotard, head of data centers and AI operations, is leaving the company. Nokia. This comes just after the chipmakers who fought in December lost their CEO.
Intel has struggled to keep up with its rivals with the Uber-Lucral Data Center and AI Space, and its inventory reflects this inadequate performance, falling by around 50% last year. The news brings some uncertainty, but the departure of those in charge of this important but failing division has been welcomed by investors looking for a turnaround.
Intel Stock was also supported by comments by Vice President JD Vance in today’s keynote speech at the Paris AI Summit. The Vice President has pledged the US to protect American AI technology and urged European regulators to cut regulations targeting AI.
Intel is an American company with manufacturing capabilities in the US Rival chip maker Like nvidia We mainly manufacture chips in Taiwan. Intel could be a direct beneficiary of an initiative from the Trump administration aimed at promoting AI in the country. The Vice President’s speech appeared to hope that Intel investors would be the case.
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Johnny Rice There is no position in any of the stocks mentioned. Motley Fools introduces and recommends Intel and Nvidia. Motley Fool recommends the following options: A short $27 phone with Intel in February 2025. To Motley’s fool Disclosure Policy.
Why Intel stocks are rising today Originally published by The Motley Fool