20 Trending AI Stocks on Latest News and Analyst Ratings

Page 3 of 18

16. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. The company recently announced a string of measures that aim to ease investor concerns around the finances and technological prowess in the AI domain. The company revealed that it had struck a deal with tech giant Amazon to manufacture AI chips under a multi-year, multi-billion-dollar framework, starting with a custom artificial intelligence fabric chip utilizing the 18A foundry process technology. Under the deal, Intel will also create custom Xeon 6 chips using the Intel 3 node for Amazon Web Services.

Intel Corporation (NASDAQ:INTC) CEO Pat Gelsinger has commented on the deal, noting that the expansion of a longtime relationship with AWS reflected the strength of the process technology of the chipmaker that delivered differentiated solutions for customer workloads. The CEO added that chip design and manufacturing capabilities, combined with the comprehensive and broadly adopted cloud, AI and machine learning services of AWS, would unleash innovation across the shared ecosystem and support the growth of both businesses, as well as a sustainable domestic AI supply chain.

Page 3 of 18