14 AI Stocks Making Headlines on Wall Street: Qualcomm, Microsoft, and More

8. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 112

On June 5, Hitachi and Intel Corporation (NASDAQ:INTC) announced entering into a strategic collaboration aimed at accelerating physical AI, advanced computing, and next-generation digital infrastructure across sectors such as manufacturing, energy, and other critical industries.

Hitachi’s information technology (IT) expertise, deep operational technology (OT) and product manufacturing knowledge will be combined with Intel’s advanced computing capabilities and silicon-based platforms to develop next-generation computing solutions.

These solutions will help organizations modernize their operations, improve efficiency, and build resilient infrastructure. For creating new solutions and optimizing infrastructure, the companies plan on working together work across five strategic pillars. These pillars include foundry tools, quantum computing, energy optimization, custom silicon and edge-AI applications, and factory automation.

The coming wave of physical AI will transform the industrial edge of our economy through new advances in robotics, autonomous machines, and other AI edge devices. By combining Intel’s advanced computing and AI capabilities with Hitachi’s deep OT expertise and world class IT capabilities, we are uniquely positioned to help industries capture the enormous opportunity represented by physical AI at industrial scale. Together, we will accelerate the deployment of intelligent, real-world systems and bring the benefits of AI to more businesses and industries around the world.

-Lip-Bu Tan, CEO, Intel Corporation.

Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells advanced semiconductors, computer products, and technologies, delivering data storage, computer, networking, and communications platforms.