Intel’s Game-Changing Gaudi 3 Chip Takes on Nvidia in AI Market – Can It Overcome Fortnite Troubles?

Santa Clara, California – In the tech battle for dominance in the artificial intelligence (AI) market, Intel (NASDAQ:INTC) is stepping up its game against Nvidia (NASDAQ:NVDA). Intel recently unveiled its new Gaudi 3 accelerator, designed to propel AI systems forward with increased power and efficiency. This development has garnered positive attention from shareholders, reflected in a slight increase in Intel’s share prices during Tuesday’s trading session. The Gaudi 3 accelerator showcased at Intel’s Vision 2024 …

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**Tech:** Dow Jones Futures Fall Slightly Overnight, Check Intel’s Impact on Stock Market Rally

New York, NY – Futures for the Dow Jones, S&P 500, and Nasdaq experienced a slight decline overnight, reflecting a turbulent session in the stock market amid various challenges. Despite the major indexes recovering from their morning lows, the market faced pressure as Treasury yields reached their highest point in 2024. In response to lower-than-expected Medicare Advantage rates for 2025, health insurers like UnitedHealth, Humana, and CVS Health experienced a sell-off, while apparel companies, including …

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LossesWiden: Intel’s Chipmaking Unit Reveals $7 Billion Operating Loss – What’s Next?

Santa Clara, California – Intel Corporation announced a significant operating loss of $7 billion for its chip-making unit. The company’s shares experienced a decline following this revelation, indicating potential challenges ahead for the technology giant. The staggering loss reported by Intel highlights the intense competition and rapid changes in the semiconductor industry, impacting the company’s financial performance. Last year, Intel’s chipmaking business faced major setbacks, resulting in substantial financial losses. The company’s efforts to make …

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Factory Revenue Plummets: Intel’s Expensive Expansion Plan Hits Major Roadblock, Reports Show

Santa Clara, California – Intel Corp. revealed that its factory revenue is on the decline, with losses widening as the company navigates the challenges of an ambitious expansion plan. The semiconductor giant reported a decrease in sales and an increase in operating losses for its new division, Intel Foundry, as part of its recent filing. Intel Foundry, responsible for the company’s manufacturing operations, saw sales drop from $27.5 billion in the prior year to $18.9 …

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Intel’s $100 Billion Spending Spree: What You Need to Know

San Jose, California – Intel Corporation is gearing up for a massive $100 billion spending spree across four states in the U.S., with plans to significantly expand its operations. The tech giant is expected to receive $8.5 billion in grants to build new chip plants as part of this expansion initiative. The move comes at a crucial time as the demand for semiconductors continues to surge, driven by various industries such as automotive, consumer electronics, …

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Semiconductor Revolution: White House Injects $8.5 Billion Into Intel’s Plan Amid Global Chip Crisis

Washington, D.C. – The White House has announced a significant funding boost of $8.5 billion for Intel through the CHIPS Act. This funding injection aims to support Intel in establishing new sites, including a large complex under construction in Ohio, as well as plants in Arizona and New Mexico, and its research and development facility in Oregon. The CHIPS Act, with a total budget of $52.7 billion, is designed to revitalize semiconductor manufacturing in the …

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