Intel stock price holds near $50.6 before open as investors brace for jobs data and Nvidia earnings
Intel shares held steady near $50.59 in premarket trading Monday after a 4.9% jump Friday. The stock tracked weakness in chipmakers as investors questioned Big Tech’s AI spending and awaited delayed U.S. economic data. Intel reportedly plans to invest up to $150 million in AI chip startup SambaNova and warned Chinese customers of server CPU shortages and longer delivery times.