Intel Shares Jump Over 4% on SoftBank AI Memory Partnership

GuruFocus
2026.02.03 17:09
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Shares of Intel rose over 4% in premarket trading following a partnership with SoftBank's Saimemory to develop Z-Angle memory technology for AI applications. This collaboration aims to enhance data processing efficiency in data centers, with prototypes expected by fiscal 2028 and commercialization by fiscal 2029. The partnership follows SoftBank's $2 billion investment in Intel, signaling Intel's focus on AI infrastructure. SoftBank shares also rose over 3% in Japan as a result of the news.