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Stock Market Today, June 8: Intel Surges on Reported Google AI Chip Foundry Order
The Motley Fool·
Intel stock surged 11.11% on reports of a major Google AI chip order for over 3 million tensor processing units by 2028, along with potential foundry partnerships with Google and Nvidia. The rally reflects investor optimism about Intel's foundry business scaling its 18A process into real revenue from hyperscalers. The broader market saw the S&P 500 gain 0.30% and Nasdaq climb 0.86%, with semiconductor peers AMD and Nvidia also posting gains.
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