Intel Stock Jumps After Launching AI-Optimized Processors

By
Naomi Buchanan
Naomi Buchanan
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Naomi Buchanan is a reporter at Investopedia breaking down news stories that impact investors.
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Published December 14, 2023
Intel sign outside of the company's headquarters

David Paul Morris / Bloomberg / Getty Images

Key Takeaways

  • Intel Corp. shares jumped Thursday after the company launched its latest processors most capable of running artificial intelligence (AI) workloads.
  • The new family of Intel Core Ultra processors is available in some new laptops through partners like Dell Inc., Alphabet Inc.'s Google Chromebook, HP Inc., and Microsoft Corp.'s Surface.
  • The chipmaker also launched the 5th Gen Intel Xeon processor for data centers, designed to power AI workloads.
  • Intel's new AI-focused products come as the company works to boost its position as a benefactor of the AI boom with Nvidia and AMD.

Intel Corp. (INTC) shares rose as much as 5.6% in early trading on Thursday after the company launched its latest computer processing units designed to run artificial intelligence (AI) workloads locally on a PC.

The Intel products could make AI tech more accessible to consumers, while positioning the chipmaker to benefit from the AI boom.

The latest family of Intel Core Ultra processors for laptops hit the market on Thursday. Intel said that the new mobile processors "will power more than 230 of the world’s first AI PCs" through partnerships with Dell Inc. (DELL), Alphabet Inc.'s (GOOGL) Google Chromebook, HP (HPQ), and Microsoft Corp.'s (MSFT) Surface, among others.

“Intel is on a mission to bring AI everywhere through exceptionally engineered platforms, secure solutions and support for open ecosystems. Our AI portfolio gets even stronger with today’s launch of Intel Core Ultra ushering in the age of the AI PC and AI-accelerated 5th Gen Xeon for the enterprise,” Intel Chief Executive Officer (CEO) Pat Gelsinger said at the "AI Everywhere" event on Thursday.

Intel also launched the 5th Gen Intel Xeon processors for data centers, designed to power "demanding end-to-end AI workloads." The latest Xeon processor is "software- and platform-compatible" with the previous generation of Intel's Xeon processor so that existing customers can easily make the transition.

The AI-focused product launch comes as Intel works to bolster its standing amid AI boom competition from Nvidia Corp. (NVDA) and Advanced Micro Devices Inc. (AMD).

Shares gave up some of those early gains and were up about 1.3% at 1:30 p.m. Eastern. Thursday's uptick contributed to a roughly 70% rise for Intel's share price year-to-date.

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  1. Intel Corp. "Intel Core Ultra Ushers in the Age of the AI PC."

  2. Intel Corp. "Intel Accelerates AI Everywhere with Launch of Powerful Next-Gen Products."

  3. Intel. "New 5th Gen Intel Xeon Processors are Built with AI Acceleration in Every Core."

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