On May 5, Reuters reported that Intel Corporation (NASDAQ:INTC) has appointed Alex Katouzian to manage its PC and physical artificial intelligence branch, confirming the company\u2019s statement that he will take over in May. Katouzian, more than a 20-year Qualcomm veteran, will be in charge of the company\u2019s core PC division as well as systems that power robotics and autonomous machines. CEO Lip-Bu Tan stated in a statement that Katouzian provides \u201cdeep technical expertise\u201d and would help \u201creimagine client computing beyond the traditional PC.\u201d According to Reuters, the firm has nominated interim CTO Pushkar Ranade to the permanent position.<\/p>\n
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Intel Corporation (INTC) Appoints Qualcomm Executive to Manage its PC and Physical AI Business <\/p>\n
Photo by Slejven Djurakovic<\/a> on Unsplash<\/a><\/p>\n Separately, on April 24, Reuters reported that rising demand for artificial intelligence-powered computing pushed up Intel Corporation (NASDAQ:INTC)\u2019s stock by more than 24% to $83, bringing its market value above $416 billion. CFO David Zinsner stated that the company sold previously shelved chips because of a shortage, adding, \u201cThat helped a lot.\u201d Reuters reported that at least 23 brokerages raised price estimates, while HSBC cited a strong demand for Xeon CPUs in AI data centers.<\/p>\n Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer goods and technologies. It provides computing, networking, data storage, and communication platforms. The company operates in four segments, including Client Computing Group, Data Center and AI, Intel Foundry Services, and All Other.<\/p>\n While we acknowledge the potential of INTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0best short-term AI stock<\/strong><\/a>.<\/p>\n READ NEXT:\u00a0<\/strong>33 Stocks That Should Double in 3 Years<\/strong><\/a> and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy<\/a><\/strong>.<\/strong>\u00a0<\/strong><\/p>\n