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Ian KingFortune |
The latest installments in AMD’s MI350 chip series are faster than Nvidia counterparts and represent major gains over earlier versions, CEO Lisa Su...
Jensen Huang said he’d like the Trump administration to change regulations for exporting artificial intelligence technology from the U.S.
Separately, Tan agreed to buy $25 million in Intel shares in the first 30 days of taking the job.
Candidates also would include Stacy Smith, a former Intel executive who joined the company’s board this year.
CFO David Zinsner and Michelle Johnston Holthaus, who is taking on a new role as CEO of the company’s product group, are serving as interim co-CEOs.
The shares rose 15% at $109.88 in New York trading, their biggest single-day gain since December 2011. The stock is up 29% this year.
Intel, once the world’s largest chipmaker, has been struggling with flagging sales and mounting losses — exacerbated by the loss of its...
Shares jumped more than 8% in late trading after the announcement. They had been down 58% this year, closing at $20.91 on Monday.
Nvidia shares suffered a record-setting rout on Monday, losing $279 billion on AI concerns.
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