Intel Shares Rise Amid Acquisition Talks with AI Chip Startup
Shares of Intel (INTC) surged nearly 8% in early trading after reports surfaced that the company is in talks to acquire Tenstorrent, an AI chip startup led by Jim Keller. The potential acquisition aims to bolster Intel's RISC-V based AI accelerator capabilities and close its gap with competitors like NVIDIA and AMD.
Topics: AI chips Intel turnaround RISC-V stock rally