14 AI Stocks to Watch According to Latest News and Ratings

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9. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. On November 19, news publication The Wall Street Journal reported that US officials were racing to deliver manufacturing grants to Intel and other chip firms to complete a significant portion of a favored program before President Biden leaves office. Per the report, the Commerce Department has provisionally awarded most of the $39 billion of grant money allocated under 2022’s Chips Act to re-energize US chip production, but nearly $30 billion of the money is tied up in complex government negotiations. Intel was given the largest preliminary award, with up to $8.5 billion in grants for factory projects and up to $3 billion for defense-industry manufacturing facilities.

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