Intel Stock: Intel Scores Slot In Nvidia AI System

Intel (INTC) on Thursday introduced its latest central processing units for servers, one of which landed a spot in Nvidia‘s (NVDA) DGX B300 artificial intelligence computer. But Intel stock wavered on Thursday.

Intel unveiled three new additions to its Intel Xeon 6 series of CPUs, which are designed to manage advanced graphics processing unit (GPU)-powered AI systems.

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One of the new processors serves as the host CPU for Nvidia’s DGX B300, the AI leader’s latest generation of AI-accelerated systems.

Intel’s Xeon 6 processors use a technology called Priority Core Turbo that dynamically adjusts workloads between high-priority compute cores and low-priority cores for maximum efficiency.

“We’re thrilled to deepen our collaboration with Nvidia to deliver one of the industry’s highest-performing AI systems, helping accelerate AI adoption across industries,” Karin Eibschitz Segal, corporate vice president and interim general manager of Intel’s Data Center Group, said in a news release.

In afternoon trades on the stock market today, Intel stock traded sideways, last up a fraction to 20.77.

Navitas Stock Rockets On Nvidia Deal

In other chip industry news, Navitas Semiconductor (NVTS) stock surged after the company announced a collaboration with Nvidia.

Navitas’ gallium nitride (GaN) and silicon carbide (SiC) power semiconductors have been selected to support Nvidia’s 800V HVDC data center power infrastructure to support 1 megawatt computer racks and beyond, according to a news release.

In afternoon trades, Navitas stock rocketed 145% to 4.69.

“We view the strategic collaboration between Nvidia and Navitas as a much needed ‘win’ for Navitas and consider it a significant validation of Navitas’ technology and its potential for long-term growth,” Deutsche Bank analyst Ross Seymore said in a client note Wednesday. “We believe this ultimately provides a strong endorsement of Navitas’ GaN/SiC solutions, positioning the company as a key enabler for next-generation AI infrastructure.”

Seymore rates Navitas stock as buy with a price target of 3.50.

Rosenblatt Securities analyst Kevin Cassidy reiterated his buy rating on Navitas stock and raised his price target to 6 from 4.

Follow Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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