Intel Stock: Data Center Chips On Track, Big AI Opportunity
अर्थव्यवस्था Intel Stock: Data Center Chips On Track, Big AI Opportunity 1 पहले मिनट बिटकॉइन एथेरियम समाचार इंटेल (INTC) has reassured Wall Street it is on track with its data center processor roadmap. The chipmaker also says it has a play in the burgeoning artificial-intelligence market. Intel stock surged on the news. At an investor event Wednesday, Intel updated analysts on its data center processor lineup. Executives said Intel is slightly ahead of schedule, by about three months, with its next-generation Xeon server chip, code-named Granite Rapids. The 7-nanometer-scale chip will launch in the third quarter of 2024. Circuit widths on chips are measured in nanometers, which are one-billionth of a meter. “The slight pull-in of Granite should fuel a bit more confidence in the product roadmap,” UBS analyst Timothy Arcuri said in a note to clients. He rates Intel stock as neutral with a price target of 29. On the stock market today, Intel stock climbed 1.8% to close at 32.09. On Wednesday, after the product briefing, Intel stock jumped 7.6% to close at 31.52. Intel Chip Progress ‘Encouraging’ Intel also detailed its follow-on chip, code-named Clearwater Forest. The 5-nanometer-scale chip will succeed Granite Rapids in 2025, Intel said. Intel is currently ramping production of its Sapphire Rapids server chips.