Intel stock price jumps as INTC bets on SambaNova AI tie-up — what investors watch next
Intel shares jumped 5.9% to $46.21 Tuesday after announcing a multi-year AI partnership with SambaNova and an investment in SambaNova’s $350 million Series E round. SambaNova also unveiled its SN50 chip, with SoftBank set as the first customer in Japan. Intel’s stock had fallen for five straight sessions before the news. CFO David Zinsner will speak at a Morgan Stanley conference on March 4.