What's Going On With Intel Stock Monday?

Intel Corp. (NASDAQ: INTC ) outlined its next phase in artificial intelligence on Monday, betting on lower-cost AI inference hardware and in-house manufacturing as it seeks to regain ground in a market dominated by NVIDIA Corp. (NASDAQ: NVDA ). Intel Targets AI Inferenace Market With New Chip Intel plans to begin limited shipments of its new AI-focused GPU, Crescent Island , by the end of 2026. Kevork Kechichian , who leads Intel’s data-center group, told the Financial Times on Monday that the company is rebuilding its AI capabilities by focusing on inference workloads rather than AI model training, where NVIDIA currently dominates. He noted that Intel learned from the disappointing performance of its Gaudi AI chip program and decided not to target the training market at this stage directly. Kechichian Highlights Lower-Cost AI Infrastructure Approach Kechichian said Intel designed Crescent Island to address key cost challenges facing AI customers. Unlike competing chips from NVIDIA and Advanced Micro Devices, Inc . (NASDAQ: AMD ) that rely on expensive high-bandwidth memory (HBM) and liquid-cooling systems, Intel’s new GPU uses lower-cost LPDDR5 memory and air cooling. He added that Intel is evaluating whether certain versions of the chip could be sold in China while complying with U.S. export restrictions, citing demand for products at that price point. Intel Pushes In-House Manufacturing Strategy Under CEO Lip-Bu Tan , Intel is also moving more aggressively toward manufacturing its data-center products in its own foundries. Kechichian said the company intends to build Crescent Island internally, a strategy that could lower costs compared with competitors that depend on Taiwan Semiconductor Manufacturing Co. Ltd . Full story available on Benzinga.com