10 AI Stocks on the Move

8. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

Intel Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries. On April 14, Reuters reported that Intel has agreed to sell a 51% stake in its Altera programmable chip business to buyout firm Silver Lake for $4.46 billion. This move marks the first by new CEO Lip-Bu Tan to revive Intel. While the deal values Altera at just $8.75 billion compared to the nearly $17 billion Intel paid in 2015, it will offer the much-needed cash to the company after its predecessors strained its finances.

Previous leadership mistakes have had Intel struggling to gain a foothold in the AI industry, with the recent move marking an effort to rectify these mistakes. The deal is anticipated to close in the second half of 2025, after which Altera’s financial results will be deconsolidated from Intel.