Intel's stock jumped after reports that Google and Nvidia are considering Intel as a backup manufacturer for advanced AI chips, with Google reportedly ordering over 3 million Tensor Processing Units for 2028. Nvidia is also testing Intel's technology for a future processor combining multiple graphics chips. This development signals Intel's aggressive expansion in foundry capacity and boosts semiconductor stocks and the Nasdaq 100. The news highlights Intel's growing role in the AI chip market amid rising demand for advanced technology manufacturing.
Traders are showing bearish sentiment on the VanEck Semiconductor ETF (SMH) with put volume more than doubling calls, especially on puts betting on a 7% drop by August 21. Despite this, some chipmakers like Marvell Technology and Intel are seeing str...
Intel's stock surged 13% after a report revealed that Google and Nvidia are considering Intel as a backup manufacturer for their chips. Alphabet may have Intel produce over 3 million tensor processing units starting in 2028. This potential partnershi...
Quantum computing has advanced significantly since its first prototype in 1998, now reaching a stage comparable to AI three years ago. The Defiance Quantum ETF (QTUM), focused on quantum computing and machine learning companies, has gained 54.20% yea...
US stock indices including Nasdaq 100, Dow Jones 30, and S&P 500 surged in early trading following a slight drop in US interest rates. The Nasdaq 100 is expected to test the 30,000 level, supported by a strong 28,500 level, while the Dow Jones is con...
Intel's stock surged nearly 10% after reports revealed that Google and Nvidia are considering Intel as a backup manufacturer for AI processors. Google reportedly placed an order for over 3 million Tensor Processing Units (TPUs) for 2028, while Nvidia...
