NVDA - Intel Shares Rise In Pre-Market As Nvidia AMD Crack After CPU Maker Announces New AI Chip To Take On Rivals | Benzinga
Intel Corp. (NASDAQ:INTC) saw a 2.34% rise in pre-market trading on Tuesday, after announcing its new Lunar Lake chips with advanced AI processors.
What Happened: At the ongoing Computex technology trade show in Taiwan, Intel CEO Pat Gelsinger revealed the company’s updated AI strategy, which aligns with Microsoft Corp. (NASDAQ:MSFT) “Year of AI PC” initiative.
These chips are designed for Copilot+ AI PCs and data centers to compete with Advanced Micro Devices (NASDAQ:AMD).
Intel’s pre-market activity saw a spike after the announcement. At the time of writing, Intel was trading at $30.90. Meanwhile, AMD shares dropped 0.95% to $162.00, and NVIDIA (NASDAQ:NVDA) shares also fell 0.77% to $1,141.20.
The Lunar Lake series, set to launch later this year, ...