10 AI Stocks Surging on News Today

8. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 83

Intel Corporation (NASDAQ:INTC) designs and sells computing hardware, semiconductor products, and AI-driven solutions for various industries. On April 17, The Financial Times reported that the company has informed its Chinese clients that it will need a license to sell some of its advanced artificial intelligence processors. The report stated that CEO Lip-Bu Tan has elaborated on the conditions on which the chips would require a license for exporting to China. The condition is that the chips have a total DRam bandwidth of 1,400 gigabytes (GB) per second or more, input-output (I/O) bandwidth of 1,100 GB per second or more, or a total of both of 1,700 GB per second or more.