Intel stock has been among the least affected by the recent U.S. tech slump. It fell only a fraction of a percent last week as it moves into AI GPUs.
CEO Lip-Bu Tan said the company plans to build GPUs to rival Nvidia.
“I just hired the chief GPU architect, and he’s very good. I’m very delighted he joined me,”
The announcement helped lift Intel shares, which faced only slight resistance from the broader sell-off.
The company also pushed more visibly into AI infrastructure and high-performance computing through partnerships with Saimemory and HKUST. These alliances add technical resources closer to leading-edge AI workloads, from advanced memory to efficiency research.
Most bullish Wall Street analysts still see upside for Intel, reflected in recent price forecasts. Some bears remain, with Loop Capital and Rosenblatt setting a $25 target well below the current price of $48. Truist Securities offers a slightly more optimistic $39 target.
Observers will watch whether these leadership changes and partnerships convert into data center design wins and show up in segment sales and margins over time.
