The AI Alliance That Wasn't: Unpacking Intel's Stock Plunge Intel's latest attempt to solidify its position in the world of artificial intelligence has been met with a lukewarm reception from investors.
The partnership between Intel and Google Cloud, which involves deploying Gemini Enterprise across Intel's workforce and integrating agentic AI tools into chip design, may have sounded like a dream come true on paper, but it's clear that the market is skeptical about its real world implications.
The stock price nosedived by 5. 84% following the announcement, with shares closing at $96. 98.