ESSENTIAL NOTES
As the company unveiled its most recent chips, which are best suited for handling workloads involving artificial intelligence (AI), Intel Corp.’s stock price surged on Thursday.
Some new laptops from partners like Dell Inc., HP Inc., Microsoft Corp.’s Surface, and Alphabet Inc.’s Google Chromebook are available with the new line of Intel Core Ultra CPUs.
In order to support AI workloads, the chipmaker also introduced the 5th generation Intel Xeon CPU for data centers.
The release of Intel’s new AI-focused devices coincides with the company’s efforts to strengthen its alliance with Nvidia and AMD as beneficiaries of the AI boom.
Reports
Intel Corp. (INTC) witnessed a significant uptick in its shares, surging by up to 5.6% during the early hours of trading on Thursday. This surge was a direct response to the unveiling of Intel’s latest computer processing units, specially engineered to handle artificial intelligence (AI) workloads on personal computers.
This strategic move by Intel not only has the potential to make AI technology more accessible to consumers but also positions the chipmaker favorably to capitalize on the rapidly growing AI market.
The spotlight of this launch was on the Intel Core Ultra processors designed for laptops, marking the latest addition to the Intel Core family. These processors hit the market officially on Thursday, with Intel announcing their integration into over 230 of the world’s first AI PCs. Partnerships with industry giants like Dell Inc. (DELL), Alphabet Inc.’s (GOOGL) Google Chromebook, HP (HPQ), and Microsoft Corp.’s (MSFT) Surface underline the broad reach of Intel’s latest innovation.
During the “AI Everywhere” event on Thursday, Intel’s CEO Pat Gelsinger emphasized the company’s commitment to making AI pervasive, stating, “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.”
In addition to the Intel Core Ultra processors, Intel introduced the 5th Gen Intel Xeon processors tailored for data centers, specifically designed to handle “demanding end-to-end AI workloads.” Importantly, the latest Xeon processor maintains software and platform compatibility with the previous generation, ensuring a smooth transition for existing customers.
This focused AI product launch aligns with Intel’s broader strategy to solidify its position in the face of fierce competition in the AI domain, notably from companies like Nvidia Corp. (NVDA) and Advanced Micro Devices Inc. (AMD).
Although there was a slight retreat from the initial surge, Intel’s shares were still up by approximately 1.3% at 1:30 p.m. Eastern on Thursday, contributing to an impressive overall rise of around 70% in Intel’s share price year-to-date.
Conclusion
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