Intel Stock Lower Despite New AI Update, Lower Prices

Intel Corp (NASDAQ:INTC) isn't sitting out of the artificial intelligence (AI) race. After Nvidia (NVDA) and Advanced Micro Devices (AMD) unveiled their latest generation of AI chips, Intel is following suit with the launch of its newest Xeon server processors. Plus, the  company noted its Gaudi 3 AI accelerator chips will be more affordable than its competitors' products.Analysts are yet to chime in on the update, but are generally skeptical of the equity. Of the 34 analysts in coverage, 28 rate the shares ...