Intel Corp. (NASDAQ:INTC) is one of the 10 Best Data Center Stocks To Buy For the Long Term. Intel shares have skyrocketed by 261.86% over the past year and by an equally impressive 73.95% year-to-date. Intel shares surged 5.48% yesterday alone as the company announced a new Core Series 3 line of mobile processors.
Intel General Manager and Vice President of Consumer PC, Client Computing Group, Josh Newman, expressed optimism for the new offering. He said:
“At a time when prices are rising and expectations are shifting, Intel Core Series 3 elevates value-orientated computing with exceptional battery life, boosted AI-ready performance, and broad ecosystem choice. By delivering the latest IP with modern, purpose designed silicon and right-sized performance, we’re expanding access to better technology that meets the real-world needs of students, families, small businesses, and edge deployments at a scale that no other company can match.”
Aside from the launch of the new mobile processors, Intel has been forging partnerships aligned with its efforts to stay competitive in the era of AI. On April 9, Intel announced a multiyear collaboration with Google to advance the next generation of AI and cloud infrastructure, reinforcing the critical role of CPUs and custom infrastructure processing units (IPUs) in scaling modern, heterogeneous AI systems.
Intel Corp.’s headquarters, the Robert Noyce Building in Santa Clara, California. Photo from Intel Corp website
The company emphasized that as AI adoption accelerates, infrastructure is becoming more complex and heterogeneous, driving increased reliance on CPUs for orchestration, data processing, and system-level performance.
Intel CEO emphasized the importance of CPUs and IPUs in keeping up with AI workload demand. He said:
“AI is reshaping how infrastructure is built and scaled. Scaling AI requires more than accelerators – it requires balanced systems. CPUs and IPUs are central to delivering the performance, efficiency and flexibility modern AI workloads demand.”
Through the collaboration, Intel and Google will align across multiple generations of Intel Xeon processors to improve performance, energy efficiency, and total cost of ownership across Google’s global infrastructure.
Earlier this month, Intel also announced that it forged a definitive agreement for the repurchase of the 49 percent equity interest in the joint venture related to Intel’s Fab 34 in Ireland, not held by Intel, for $14.2 billion.
Intel said the agreement reflects its continued business momentum underpinned by the growing and essential role CPUs play in the era of AI, a significantly strengthened balance sheet, and the strong partnership with global alternative asset manager Apollo.
In 2024, Apollo-managed funds and affiliates led an $11.2 billion investment to acquire a 49 percent equity interest in a joint venture entity related to Fab 34, providing Intel with equity-like capital while preserving balance sheet strength.
“This transaction provided Intel with significant financial flexibility and enabled the company to unlock and redeploy capital to advance its strategic priorities, including accelerating the buildout of Intel 4 and Intel 3, the most advanced processes manufactured in Europe, and of Intel 18A, the most advanced process developed and manufactured in the U.S. today,” Intel said.
Intel Corp. (NASDAQ:INTC) designs and manufactures microprocessors and semiconductor components. The company’s products are used in a wide range of computing devices, from personal computers to data centers and Internet of Things (IoT) applications.
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