Intel Drops to 9th in WSB Ranking Amid Merger Talks and Strategic Shifts

In the latest WSB ranking, Intel stands at the 9th position, dropping 4 places from the previous day. Intel has seen a 1.11% increase, marking a four-day growth streak with a cumulative rise of 9.82% over the period.

Intel's recent developments have sparked considerable interest in the tech sector. One of the most discussed topics is the potential merger with Qualcomm. Reports suggest that Qualcomm has approached Intel with a proposal, which has become a focal point for media and investors alike.

Another significant aspect of Intel's strategy is its efforts to restructure and focus on its foundry business. By announcing the separation of foundry operations and allowing external financing, Intel aims to address its financial challenges and drive growth.

Intel recently introduced its Gaudi 3 accelerator for AI workloads. While it may not match Nvidia's GPUs in terms of speed, Intel is betting on Gaudi 3's cost-effectiveness and lower total cost of ownership to capture market share.

The company has also announced that the Gaudi 3 AI accelerator will be available through IBM Cloud and Intel's Tiber developer cloud, with widespread availability of systems based on this technology from major players like Dell and HPE expected in the fourth quarter.

Facing intense competition in the semiconductor industry, Intel's CEO Pat Gelsinger has outlined a strategic pivot focusing on foundry services, AI, and the x86 architecture, aiming to reduce capital expenditures and workforce to sustainably grow and maintain market leadership.