Intel Shares Surge 33% on Google AI Deal

Intel stock rose 1% Thursday, extending a five‑day rally that has lifted the share price over 33%.
Intel announced a multiyear collaboration with Google to use Intel Xeon processors and custom IPUs for AI and cloud workloads.
Google Cloud will deploy the latest Intel Xeon 6 CPUs in C4 and N4 instances, supporting large‑scale AI training and latency‑sensitive inference.
Analyst KC Rajkumar noted progress on wafer supply issues that had weighed on Intel’s below‑seasonal Q1 guidance three months earlier.