The shares of Intel Corporation (NASDAQ: INTC) had a little increase on Friday, closing the weekend session at $46.16 after climbing 2.17%. An analyst upgrade was the catalyst for Intel’s stock increase.
BofA Securities revised its recommendation on Friday, moving the shares of Intel (INTC) up from “Underperform” to “Neutral.” Additionally, the research group increased its price estimate for INTC shares from $32 to $50.
Furthermore, the next generation product ambitions of INTC also acted as a driver for the Friday stock price increase. Intel unveiled an unparalleled spectrum of AI technologies during its “AI Everywhere” launch in New York City to allow clients’ AI solutions across the data center, cloud, network, edge, and PC.
The company’s biggest architectural change in forty years is included into the Intel Core Ultra mobile CPU series, which is the first to be constructed on the Intel 4 process technology. It introduces the most power-efficient client CPU from Intel and launches the AI PC era.
Every core in the 5th generation Intel Xeon processor family has AI acceleration built in, resulting in significant improvements in AI and overall performance as well as a reduction in total cost of ownership (TCO).
The Intel Gaudi3 AI accelerator, which is expected to ship on time next year, was initially demonstrated by Intel CEO Pat Gelsinger. As data is created and consumed, both locally at the PC and edge and in the cloud, Intel is creating the tools and solutions to enable users to easily integrate and execute AI in all of their applications.
Gelsinger presented Intel’s wide-ranging AI portfolio, which includes networks, volume clients, cloud and business servers, as well as pervasive edge environments. Additionally, he restated Intel’s commitment to delivering five new process technology nodes within the next four years.
With the recent release of Intel Core Ultra, which ushers in the era of AI PCs, and AI-accelerated 5th Gen Xeon for the workplace, its AI portfolio grows even stronger. The company’s biggest architectural change in forty years, Intel Core Ultra brings in the AI PC generation with innovation in CPU computation, graphics, power, battery life, and significant new AI capabilities.
