Intel's Stock Soars on Collaboration News

Intel Corporation's shares experienced a significant surge, jumping over 7% in the premarket this Monday. This leap comes on the heels of exciting news regarding a potential collaboration with tech giants Nvidia Corporation and Broadcom Inc.

Exploring Advanced Semiconductor Technologies

According to sources cited by Reuters, Nvidia and Broadcom are currently conducting manufacturing tests on Intel's 18A node. These tests are pivotal in determining whether these companies will invest millions into Intel's advanced 18A process technology. This technology is at the forefront of creating cutting-edge artificial intelligence semiconductors and various other chips, marking a significant step forward in the semiconductor industry.

At 6:09 am ET, Intel's stock was trading at $25.47 per share, reflecting a 7.33% increase, showcasing the market's positive reception to the news of this potential collaboration.