What Intel's comeback says about the AI transition
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AXIOS — Comebacks in the tech industry are rare, but Intel is in the middle of an all-time turnaround: The chipmaker's stock is up 110% for the year, and it reached a new all-time high Friday, 25 years after hitting the last one.
The AI transition is creating clear winners and losers in the tech industry, and right now, pick-and-shovel hardware companies are slaying, while software and services firms are suffering.
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