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Jabran Kundi

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

Intel Corporation SambaNova INTC Donald Trump Nvidia

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 investment in the company, and Japanese tech company SoftBank (SFTBY), which took a stake in Intel in August, is also a stakeholder in SambaNova. This brings back the AI circular economy debate, but the relationship raises the probability of an eventual acquisition of SambaNova by Intel. 

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