Intel Corp. (NASDAQ:INTC) is one of the 10 best data center stocks to buy for the long term. Intel stock has soared 261.86% over the past year and an equally impressive 73.95% so far this year. Intel stock rose 5.48% yesterday alone as the company announced a new line of Core Series 3 mobile processors.
Josh Newman, Intel CEO and vice president of consumer PCs, Client Computing Group, expressed optimism about the new offering. He said:
“At a time when prices are rising and expectations are changing, Intel Core Series 3 elevates value-oriented computing with exceptional battery life, increased AI-ready performance, and a broad range of ecosystems. By delivering the latest in IP with modern, purpose-built silicon and right-sized performance, we are expanding access to better technology that meets the real-world needs of students, families, small businesses, and edge deployments at a scale no other company can match.”
In addition to launching new mobile processors, Intel has been forging partnerships aligned with its efforts to remain competitive in the age of AI. On April 9, Intel announced a multi-year collaboration with Google to advance the next generation of AI and cloud infrastructure, reinforcing the critical role of custom CPUs and infrastructure processing units (IPUs) in scaling modern, heterogeneous AI systems.
Intel Corp. headquarters, the Robert Noyce Building in Santa Clara, California. Photo from Intel Corp website.
The company emphasized that as AI adoption accelerates, infrastructure becomes more complex and heterogeneous, leading to greater reliance on CPUs for orchestration, data processing, and system-level performance.
Intel’s CEO emphasized the importance of CPUs and IPUs in keeping up with the demand for AI workloads. He said:
“AI is changing the way infrastructure is built and scaled. Scaling AI requires more than accelerators, it requires balanced systems. CPUs and IPUs are critical to delivering the performance, efficiency, and flexibility that modern AI workloads demand.”
Through the collaboration, Intel and Google will align on multiple generations of Intel Xeon processors to improve performance, power efficiency and total cost of ownership across Google’s global infrastructure.
Earlier this month, Intel also announced that it had reached a definitive agreement to repurchase a 49 percent equity stake in the joint venture related to Intel’s non-Intel Fab 34 in Ireland for $14.2 billion.
Intel said the deal reflects its continued business momentum supported by the growing and essential role CPUs play in the AI ​​era, a significantly strengthened balance sheet and strong partnership with global alternative asset manager Apollo.