5 Stocks Making Headlines Today

4. Intel Corporation (NASDAQ:INTC) is 1.54% in the green as of 12:23 PM ET after the Santa Clara, California-based company introduced its new chip called Gaudi2 that would focus on artificial intelligence (AI) computing. The chip manufacturer is trying to build its place in the AI chip market that is currently under the dominance of NVIDIA Corporation (NASDAQ:NVDA). Gaudi2 is a product of Habana Labs, an Israeli AI chip manufacturing startup that Intel Corporation acquired (NASDAQ:INTC) back in 2019 for $2 billion. Intel Corporation (NASDAQ:INTC) intends to penetrate the AI chip market, which is expected to compound by 25% annually for the next five years and reach a size of $50 billion.

Intel Corporation (NASDAQ:INTC) was owned by 72 hedge funds as of Q4 2021.