Intel Is Reportedly Buying SambaNova Systems. What Does That Mean for INTC Stock?

According to recent media reports, Intel (INTC) is on track to acquire AI chip startup SambaNova. SambaNova offers a full-stack AI platform that helps run AI applications both on private clouds and in data centers. Rumors around the deal started in October, but they seem to be getting more credible as time passes, especially with the two companies already having an existing relationship. Lip Bu-Tan, who is the CEO of Intel, is also the executive chairman of SambaNova. Intel Capital has already made an in ...