Nvidia shares surged after the chipmaker's better-than-anticipated earnings report, as its CEO said generative AI has hit a "tipping point."
Intel (INTC) unveiled its Intel Foundry services which will use its external customers to help build out its multi-billion-dollar chip manufacturing plants, a step in its greater ambitions in the AI landscape. Intel CEO Pat Gelsinger spoke at an event in San Jose, California to boast about how this segment will put Intel at the forefront of AI chip development. Yahoo Finance Tech Editor Dan Howley joins the Live show to discuss the announcement from Intel and what it means for the company going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
SANTA CLARA, Calif., February 22, 2024--David Zinsner, Intel's chief financial officer, will participate in a fireside chat at the Morgan Stanley Technology, Media, and Telecom Conference.