9 AI News and Ratings on Wall Street’s Radar

2. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

Intel Corporation (NASDAQ:INTC) develops and sells computing products, including processors, GPUs, memory, and AI solutions, serving global manufacturers and cloud providers.

According to a Bloomberg report posted on February 18, Silver Lake Management is in advanced discussions about buying a majority stake in Intel’s programmable chips division, Altera. Although the size of the stake is not finalized, the deal is part of Intel’s ongoing restructuring efforts after acquiring Altera for $17 billion in 2015. Intel had previously expressed interest in selling a stake, attracting attention from Lattice Semiconductor and private equity firms, the report states.