Other sectors have rallied on AI demand, raising the stakes for the chipmaker's latest quarterly update.
Nvidia stock slipped Tuesday, holding just above its latest buy point, while Tesla rallied. Microsoft hit a new buy point.
Microsoft (MSFT) launches a new range of AI-powered devices called the Copilot+ PC in an attempt to leverage the power of generative AI in reigniting the long-standing rivalry with the Apple MacBooks.