Intel has had quite a wild week. And it might not slow down anytime soon.
) is in the midst of one of the most tumultuous periods in its 56-year history. Declining sales, missed opportunities to compete in the AI space, and a massive turnaround effort by CEO Pat Gelsinger looking to return the company to its former glory are putting significant pressure on the chip giant’s bottom line and share price.) reached out to Intel about a blockbuster takeover deal that would give Qualcomm a larger foothold in the PC and AI spaces. That’s not all.
That helped catapult Nvidia to the forefront of the semiconductor industry and sent its stock to extraordinary new heights, rising more than 860% over the last two years and 191% in the last 12 months. In September, however, Intel announced a multibillion-dollar deal to "produce an AI fabric chip for AWS on Intel 18A, the company’s most advanced process node." The company is also set to build a custom version of its Xeon 6 chip for Amazon.
Now investors will have to wait and see whether Intel moves forward with either company or continues to try to go it alone.OTTAWA — At least two Canadians have died in the escalating violence in Lebanon, which has members of Parliament discussing a possible evacuation of Canadian citizens from the country.
The 25-year-old tells PEOPLE he was "trying to mentally prepare as best as I could" for 'Monsters' and 'Grotesquerie' to release within a week of each otherEduardo Xol, an actor and designer who appeared on "Extreme Makeover: Home Edition," has died following an apparent stabbing.
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