Intel stock rallies as CES debut of Panther Lake chip marks make-or-break moment [Yahoo! Finance]
Broadcom Inc. (AVGO)
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Source: Yahoo! Finance
The unveiling of the AI PC chips during the Consumer Electronics Show (CES) in Las Vegas marked Intel's first launch of a product using its latest 18A manufacturing process . Intel said Tuesday that the Core Ultra Series 3 chips, dubbed “Panther Lake, are in production, ramping, and available for order this week. Intel stock soared 7% in Wednesday's trading session following the announcement. Intel has been working to revive its struggling manufacturing business just as its chips forfeit market share to AMD ( AMD ) and Arm ( ARM ). The company has been stuck in a negative feedback loop: years of manufacturing missteps made its chips less competitive, and weaker chip sales left its factories under-utilized, making it even harder for the manufacturing segment to regain its footing. Former CEO Pat Gelsinger worked to solve that underutilization issue by opening up the business to outside customers and accelerating Intel's introduction of complex manufacturing technologies, but no
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