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Artificial Intelligence 2 June 2026

Intel Stock Slips After Big AI Reveal as Wall Street Looks for Proof

Intel Stock Slips After Big AI Reveal as Wall Street Looks for Proof

Intel shares pointed lower before the U.S. open on Tuesday after the chipmaker used Computex to pitch a broader artificial-intelligence push, a muted reaction that showed investors still want evidence the plan can turn into orders and margin recovery. Intel closed Monday at $109.33, down 4.67%, and was quoted at $107.86 in premarket trade at 8:40:46 a.m. ET, off 1.34%.
Arm Ramps Up $15 Billion AI Chip Push Ahead of Schedule

Arm Ramps Up $15 Billion AI Chip Push Ahead of Schedule

Arm Holdings could hit its $15 billion annual revenue goal for AI chips sooner than it expected, CEO Rene Haas said, as demand for data center central processors is picking up. Haas told Bloomberg Television he was “very confident” about the target, according to Seeking Alpha. Reuters also reported demand for Arm’s chips is higher than eight weeks ago.
Marvell shares rise as new AI switch draws fresh interest from Wall Street

Marvell shares rise as new AI switch draws fresh interest from Wall Street

Marvell Technology gained around 7% in late U.S. trading after it rolled out a high-capacity networking chip aimed at AI data centers. That move adds to what has been a strong 2026 rally for the chipmaker, driven by demand for custom silicon and optical connectivity. Shares last traded at $219.43. The Invesco QQQ Trust, tracking growth names on the Nasdaq, was up roughly 0.6%.
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