Intel stock price slips after-hours as CEO’s GPU push meets AI jitters
Intel shares fell 1.4% after hours Wednesday to $48.60, following losses across chip stocks. CEO Lip-Bu Tan said Intel will develop GPUs for AI data centers and hired Qualcomm’s Eric Demmers to lead the project. Insider April V. Boise filed to sell up to 20,000 shares. Intel’s new Xeon 600 workstation processors will launch by late March.