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Intel shares jump 5% on talks to buy AI chip startup Tenstorrent, fueling its AI comeback story.

Market News
20 May 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Intel's stock rose 5% after reports it is in talks to acquire AI chip startup Tenstorrent, led by renowned chip designer Jim Keller. This potential deal would boost Intel's AI hardware capabilities and talent, supporting its ongoing turnaround and efforts to compete with NVIDIA and AMD. Intel's strong recent financial results and strategic partnerships, including with Google and NVIDIA, add momentum to this narrative. Investors await confirmation of the deal and details on integration and pricing, while also considering Intel's high valuation and upcoming earnings as key factors for future performance.

More News (INTC)

Intel advances 18A-P chip process to risk production, signaling manufacturing readiness.

Intel advances 18A-P chip process to risk production, signaling manufacturing readiness.

Intel announced that its 18A-P process node has entered risk production, indicating the chip manufacturing process is mature enough for initial production. This milestone is crucial for Intel's financial turnaround as it aims to attract external manu...

Market News
Bullish
7 hours ago
Intel starts early production of its advanced 18A-P chip, aiming to attract major customers like Apple.

Intel starts early production of its advanced 18A-P chip, aiming to attract major customers like Apple.

Intel has begun risk production of its most advanced chip node, 18A-P, marking a key step toward becoming a competitive manufacturer for other companies. The 18A-P chip offers 9% better performance or 18% lower power use than its predecessor and is m...

Market News
Bullish
9 hours ago
Mobileye to launch robotaxi service in a U.S. city by 2027 with 100 autonomous vehicles initially.

Mobileye to launch robotaxi service in a U.S. city by 2027 with 100 autonomous vehicles initially.

Mobileye, an Intel subsidiary known for autonomous vehicle technology, announced plans to start a robotaxi service in a U.S. city in 2027, initially deploying 100 autonomous vehicles. The company aims to expand this fleet to about 17,000 robotaxis ov...

Market News
Bullish
12 hours ago
Mobileye plans to launch a robotaxi service in the US by 2027 with 100 autonomous vehicles initially.

Mobileye plans to launch a robotaxi service in the US by 2027 with 100 autonomous vehicles initially.

Mobileye, an Intel subsidiary known for autonomous vehicle technology, announced plans to start a robotaxi service in a US city in 2027 with an initial fleet of 100 autonomous vehicles. The company aims to expand this fleet to about 17,000 robotaxis ...

Market News
Bullish
13 hours ago
Intel and AMD shares dip 6-7% after strong rallies, seen as routine profit-taking amid solid fundamentals.

Intel and AMD shares dip 6-7% after strong rallies, seen as routine profit-taking amid solid fundamentals.

Shares of Intel and AMD fell by 7% and 6% respectively after recent strong gains, with no new negative news driving the drop. Both companies reported strong Q1 FY2026 results, highlighting growth in AI and data center segments. The pullback is viewed...

Market News
Neutral
14 hours ago
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