Intel’s stock hits biggest weekly jump since 2000 | News.az
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Intel's stock has experienced a remarkable surge, jumping nearly 23% in just one week, which is the largest increase the company has seen since the year 2000. This significant rise in stock value is largely attributed to positive remarks made by US Vice President JD Vance about the future of American-made AI chips. His comments during an AI Summit in Paris sparked investor interest, particularly regarding a potential partnership with TSMC, a major semiconductor manufacturer.
The Vice President emphasized the importance of producing AI technology using chips designed and manufactured in the United States. Following his speech, Intel's shares rose by 6%, reflecting growing confidence in the company's ability to compete in the semiconductor market. Intel, once a leader in chip manufacturing, is now focusing on revitalizing its production capabilities to meet the increasing demand for AI technology.
As tensions rise between the US and China, particularly concerning Taiwan, the US government is prioritizing the expansion of domestic chip manufacturing. This shift aims to reduce reliance on foreign suppliers, especially as companies like Apple and Nvidia currently depend on TSMC for their advanced chips. Intel's recent developments could position it as a key player in the future of AI chip production in the US.
