What's Going On With Intel Stock Wednesday?

Zinger Key Points
  • Intel expands collaboration with Infosys to enhance AI solutions, targeting cost efficiency and responsible AI adoption.
  • Infosys to integrate Intel's Xeon processors and Gaudi accelerators into its AI-centric suite, Infosys Topaz.

Intel Corporation INTC shares are trading lower in the premarket session on Wednesday.

The company expanded its pact with Infosys Limited INFY to assist global enterprises in accelerating their AI journeys

The advanced artificial intelligence (AI) solutions offered as a part of this collaboration will aim to help businesses become cost effective and performance driven while being responsible by design.

Infosys Topaz, an AI-centric suite aiding businesses in leveraging generative AI, will incorporate Intel’s solutions like Xeon processors, Gaudi accelerators, and Core Ultra Processors. 

According to Benzinga Pro, INFY stock has gained over 7% in the past year. Investors can gain exposure to the stock via VanEck ETF Trust VanEck Digital India ETF DGIN and First Trust NASDAQ Cybersecurity ETF CIBR.

This integration enables customers to embrace Gen AI and align with evolving AI standards.

Furthermore, Infosys will utilize Intel’s AI training resources to upskill its workforce on the Intel product portfolio, ensuring they can offer generative AI expertise to clients worldwide.

“Our approach in bringing AI everywhere is by supporting an open AI software ecosystem and accelerating the adoption of Intel Xeon and Gaudi accelerators for Gen AI use cases,” said Christoph Schell, Executive Vice President and Chief Commercial Officer, Intel.

“We believe our collaboration with Infosys and local ISVs is a huge opportunity for us to develop software and tools which can help drive Intel-based technology adoption and reduce the overall TCO for our customers,” Schell added.

According to Benzinga Pro, INTC stock has gained over 17% in the past year. Investors can gain exposure to the stock via ClearBridge Focus Value ESG ETF CFCV and First Trust Nasdaq Semiconductor ETF FTXL.

Price Action: INTC shares are trading lower by 0.97% to $37.96 premarket on the last check Wednesday. 

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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