TECH - What's Going On With Intel Stock Thursday? | Benzinga

Intel Corp (NASDAQ: INTC) stock is trading higher Thursday as it announced new chips for PCs and data centers to expand its presence in the artificial intelligence hardware market. 

The new lineup includes an updated version of the Xeon server chips, offering enhanced performance, memory, and reduced electricity usage. 

Additionally, Intel introduced Ultra Core chips for laptops and desktops, enabling direct AI processing on these devices, Bloomberg reports.

Intel CEO Pat Gelsinger is focusing on AI to drive growth as Intel faces challenges from past missteps and a declining PC market. 

The company is competing against Advanced Micro Devices Inc (NASDAQ: AMD), which has gained market share in PCs and servers, and Nvidia Corp (NASDAQ: NVDA), a leader in AI accelerators. 

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