Posted 3/27/2024, 8:38:00 PM
Intel Bucks AI Stock Slump As Next-Gen 3nm Chips Progress
- Intel stock rose 4.2% despite bearish momentum for other AI and chip stocks like Nvidia and Broadcom
- Intel and AMD gained ground as news suggested production of their next-gen 3nm chips could soon rapidly scale up
- Many AI stocks fell due to rising China/Western tensions and limits on exporting chip tech to China
- Intel investors welcomed news that 3nm chip production could make up 20% of Taiwan Semiconductor's revenue this year
- The shift to 3nm suggests significant performance improvements are on the horizon for Intel's upcoming CPUs and GPUs