Intel stock price jumps on SoftBank AI memory pact as shares touch 52-week high
Intel shares rose 2.6% Tuesday, hitting a 52-week high after announcing a partnership with SoftBank’s SAIMEMORY to develop “Z-Angle Memory” for AI. A Form 144 filing showed an insider plans to sell up to 20,000 shares. Intel also launched new Xeon 600 processors. Investors await chip-sector earnings due Tuesday.