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Intel Corporation (INTC): Sells 51% of Altera for $4.46B to Refocus on AI Strategy

We recently published a list of 10 AI Stocks on the Move. In this article, we are going to take a look at where Intel Corporation (NASDAQ:INTC) stands against other AI stocks on the move.

Market uncertainty aside, the AI race is tighter than ever. A report by Stanford University’s Institute for Human-Centered AI (HAI) states that not only has the battlefield become tighter, but also more crowded than previously. The report notes that Google and OpenAI are neck to neck in the race to build cutting-edge AI, and that other companies are fiercely closing in. Meta, Anthropic, and Elon Musk’s xAI are a few of these names. Chinese competitors are also closing in on the AI race. In particular, DeepSeek’s R1 model is very close to the top-performing models of two of the leading AI companies.

“It creates an exciting space. It’s good that these models are not all developed by five guys in Silicon Valley. Chinese models are catching up as far as performance to the US models..but across the globe, there are new players emerging in the space.”

– Vanessa Parli, director of research at HAI.

In recent news, OpenAI has launched its new AI model GPT-4.1, along with smaller versions GPT-4.1 mini and GPT-4.1 nano. These models boast major improvements in coding, instruction following, and long context comprehension.

READ NOW: 10 AI Stocks to Watch Amid Market Volatility and 14 AI Stocks Catching Wall Street’s Attention

According to OpenAI, the models outperform the company’s most advanced GPT-4o model across the board and are available only on OpenAI’s application programming interface (API). In particular, the GPT-4.1 brags a 21% improvement over GPT-4o and 27% over GPT-4.5 on coding. Moreover, there are improvements in instruction following and long context comprehension, which make these models a better choice for powering AI agents.

“Benchmarks are strong, but we focused on real-world utility, and developers seem very happy.”

-OpenAI

OpenAI also noted that these models operate at a “much lower cost” compared to GPT-4.5, and that the company would turn off the GPT-4.5 preview that is available in the API in July because the new models offer “improved or similar performance.”

For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points  (see more details here).

A technician soldering components for a semiconductor board.

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.

Overall, INTC ranks 8th on our list of AI stocks on the move. While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than INTC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

My #1 AI stock pick delivered solid gains since the beginning of 2025 while popular AI stocks like NVDA and AVGO lost around 25%.

The numbers speak for themselves: while giants of the AI world bleed, our AI pick delivers, showcasing the power of our research and the immense opportunity waiting to be seized.

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

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From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

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This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

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Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

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The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…