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Barchart
Barchart
Faisal Humayun Khan

Intel and SoftBank Are Partnering Up in the Red-Hot Memory Market. How Should You Play INTC Stock Now?

Intel Corporation INTC SoftBank Memory LipBu Tan AMD CCG DCAI Nvidia

Intel (INTC) has been among the hottest technology stocks with a rally of 152% in the last 52 weeks. While the upside has been meaningful, there are ample catalysts for INTC stock in the next 12 to 24 months. 

In a recent positive, Intel is set to work with a subsidiary of SoftBank (SFTBY) for making memory for artificial intelligence. The partnership is for the commercialization of Z-Angle memory that’s being touted as a “next-generation memory technology.” While the commercialization is due in fiscal 2029, the partnership underscores the focus on an innovation edge to drive growth in the coming years. 

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