Intel Shares Gain 8% As GPU Market Outlook Strengthens

Core Viewpoint - Intel Corporation (INTC) shares experienced a significant increase of 8.47 percent, rising $3.12 to $39.90, following a report predicting strong long-term growth in the U.S. graphics processing unit market [1] Group 1: Stock Performance - Intel's stock is currently trading at $39.90, up from a previous close of $36.78 on the Nasdaq [1] - The stock's trading range for the day was between $37.35 and $39.85, with a trading volume of approximately 55.38 million shares [1] - Over the past 52 weeks, Intel's stock has ranged from $17.67 to $42.48 [1] Group 2: Market Growth Projections - The graphics processing unit market is projected to grow from $19.03 billion in 2024 to $136.07 billion by 2033 [2] - This growth is attributed to increasing demand in sectors such as gaming, artificial intelligence, high-performance computing, cloud infrastructure, and data-intensive applications [2]