Tenstorrent has raised $1.5 billion at a $6.2 billion valuation, more than doubling its previous mark. The chip startup chose independence over acquisition talks with Intel and Qualcomm.
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JPMorgan analyst Harlan Sur upgraded Intel to Neutral from Underweight, citing improved execution under CEO Lip-Bu Tan and rising demand for CPU-intensive AI workloads.
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Nasdaq futures rose Monday as investors bought the dip in AI stocks following a significant weekly decline. The rebound comes ahead of major earnings reports from companies like Meta and Tesla.
One worker died and two were seriously injured in an explosion at Intel's Kiryat Gat manufacturing plant in Israel. Police suspect a gas cylinder malfunction, while Intel shares dropped more than 4%.
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