Intel Corporation (INTC) Rose Following the Strategic Partnership Announcement with Nvidia

Core Insights - Ariel Global Fund's third-quarter 2025 performance was +4.99%, underperforming the MSCI ACWI Index (+7.62%) and MSCI ACWI Value Index (+6.13%) [1] - The fund's performance was influenced by AI enthusiasm, resilient corporate earnings, the first U.S. rate cut of the year, and targeted policy easing across key regions [1] Company Highlights - Intel Corporation (NASDAQ: INTC) reported a one-month return of -7.02% but a 52-week gain of 42.98%, with a market capitalization of $163.754 billion as of November 18 [2] - Intel's revenue for the third quarter of 2025 was $13.7 billion, reflecting a 6% sequential increase [4] - A strategic partnership with NVIDIA was announced, involving a $5 billion investment in Intel common stock, aimed at co-developing custom data center and personal computing solutions [3] Investment Considerations - Intel's ambitious turnaround strategy includes significant investments in manufacturing and foundry services, supported by U.S. and European government subsidies [3] - Despite execution risks, Intel's scale and engineering capabilities position it as a key player in the AI and computing sectors [3] - The company is not among the top 30 most popular stocks among hedge funds, with 82 hedge fund portfolios holding Intel shares at the end of Q2 2025, down from 91 in the previous quarter [4]