US Stock Market Move | Intel Corporation (INTC.US) soared over 9.4%, Alphabet Inc. Class C placed orders for TPU, and NVIDIA Corporation tested 18A process.

On Monday, the stock price of Intel Corporation (INTC.US) soared, rising over 9.4% to $108.55 as of the time of publication. In terms of news, the capacity crisis at Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) has led tech giants such as Alphabet Inc. Class C (GOOG.US, GOOGL.US) and NVIDIA Corporation (NVDA.US) to consider Intel Corporation as an alternative supplier. Alphabet Inc. Class C has already placed an order for over 3 million TPUs to be delivered by 2028, while NVIDIA Corporation is testing its 18A process and EMIB packaging technology for use in its new architecture set for 2028. SK Hynix is also conducting compatibility tests, marking a significant breakthrough in Intel Corporation's contract manufacturing business. According to media reports citing four sources, Alphabet Inc. Class C has officially placed an order with Intel Corporation to produce over 3 million Tensor Processing Units (TPU) by 2028. While NVIDIA Corporation has not yet placed an official order, they are testing Intel Corporation's advanced packaging technology and state-of-the-art 18A manufacturing process for their next generation GPU architecture, internally known as "Feynman," expected to be released in 2028.