By Peace Longe
Publication Date: 2026-06-09 04:37:00
Intel spent the second half of last week, between June 4 and 5, getting hammered alongside the rest of the chip sector.
Then things changed on Monday, June 8.
Shares of Intel (INTC) jumped about 13% to roughly $112 in early trading, one of the stock’s sharpest single-day moves of the year, after two separate reports linked the company to Google and Nvidia.
Here’s the reason behind the move:
Google and Nvidia’s interest in Intel
Google has placed an order with Intel to manufacture more than 3 million of its tensor processing units in 2028, according to a report by The Information, as reported by Reuterson Monday, June 8.
Tensor processing units, or TPUs, are the custom chips Google designs in-house to train and run its AI models.
More AI Chip Stocks:
The reported Google order gives Intel Foundry its largest volume validation yet, helping fulfill a years-long chase to secure elite, hyperscale tech giants for its contract chipmaking business.
Nvidia (NVDA), on the other hand, has not placed an order.
The chip leader is testing whether Intel can build a processor that fuses four graphics chips into a single unit, which will feed Nvidia’s Feynman chip line, due in 2028, according to Invezz.
Google’s order translates to real revenue, while Nvidia’s interest is still a tryout.
