Why Are Intel Shares Trading Higher Today?

Intel Corp INTC shares are trading higher Wednesday following the company's highly anticipated launch of its Xeon 6 processors and Gaudi 3 AI accelerators. Here’s what you need to know.

What To Know: These next-generation products are designed to power high-performance AI and computing workloads, with Xeon 6 doubling the performance of its predecessor and Gaudi 3 delivering up to 20% more throughput compared to Nvidia's H100, particularly in large-scale AI model training and inference.

Through key partnerships with Dell Technologies and IBM, Intel is pushing for co-engineered AI systems that deliver better performance per watt and lower total cost of ownership for enterprise AI deployments.

The Gaudi 3 AI accelerator, specifically optimized for AI models like LLaMa 2, along with Xeon 6, is expected to make Intel a more competitive player in the enterprise AI ecosystem.

INTC Price Action: Intel's stock was up by 3.20% at $23.54 at market close Wednesday, according to Benzinga pro.

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