Tiger Global Adds 2.6M Shares to Intel Stake as AI Growth Ramps
Tiger Global increased its Intel holdings by about 2.6 million shares. The move comes as Intel pushes to grow AI compute demand and improve foundry execution. Client Computing and Physical AI revenue rose 13% to $8.9B and Intel Foundry revenue grew 31% YoY to $5.8B, with management targeting sustained momentum in Q3.