Why Intel Stock Rallied Today
Shares of Intel (NASDAQ: INTC) rose on Wednesday after the chipmaker unveiled new artificial intelligence (AI)-focused computing infrastructure.
Image source: The Motley Fool.
AI model training requires enormous amounts of high-performance graphics processing units (GPUs), a market long dominated by Nvidia. But as fully trained models are put into use to make decisions and predictions -- a process known as AI inference -- it's creating a greater need for the central processing units (CPUs) Intel produces.
Source Fool.com
Intel Corp. Stock
€78.19
-0.780%
Our community is currently high on Intel Corp. with 47 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 78.19 € for Intel Corp., so the potential is actually -5.36%.
