Intel to Enter GPU Market: Should You Buy INTC Stock?

Intel announced a new GPU initiative led by its newly hired chief GPU architect Eric Demers and long-time executive Kevork Kechichian. The company aims to expand its role in the AI world beyond CPUs and its foundry model. Intel shares rose by up to 4% in response to the news. While this is not Intel's first attempt at GPUs, investors are aware of the long road to relevance in a quickly evolving space like AI.