Reported about 13 hours ago
Intel's stock experienced a nearly 3% rise following Vice President JD Vance's optimistic remarks on US chip manufacturing, which provided a boost amidst the company's struggles in the sector. Vance emphasized the importance of US-made chips for AI systems at an AI Summit in Paris, causing Intel's stock to surge. However, the company faces significant internal issues, a 50% stock decline from the previous year, and questions surrounding its foundry commitments, all while trying to compete with firms like TSMC.
Source: YAHOO