Intel on Thursday introduced its latest central processing units for servers, one of which landed a spot in Nvidia's 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.
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.
On the stock market today, Intel stock vacillated between modest gains and losses. It ended the regular session down 0.7% to 20.55.
Navitas Stock Rockets On Nvidia Deal
In other chip industry news, Navitas Semiconductor 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.
On Thursday, Navitas stock rocketed 164% to close at 5.05.
"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.
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