Intel: Intel rises 24% on signs of AI boom for CPUs –

The stock rose more than 24% to $83 in early trading, surpassing the peak of the dot-com era in 2000 and lifting the company’s market value to more than $416 billion.Rival AMD and Arm also gained more than 11% each on growing conviction that inference — the process by which AI answers user queries — can return CPUs to the heart of the industry after years of outperforming graphics chips used to train AI. Nvidia, the graphics chip giant that dominated the AI ​​boom, has sensed the shift and braced for more competition.