Intel stock rises as Google orders TPUs, Nvidia tests 18A

Intel shares climbed after reports that Google placed an order for more than 3 million tensor processing units to be manufactured by Intel for delivery in 2028 and that Nvidia is running early tests on Intel’s 18A manufacturing node for multi‑chip Feynman GPUs. The Google order is tied to Intel’s advanced packaging and large‑scale production plans, while Nvidia’s work consists of trials rather than a signed manufacturing contract.

The reported Google order is scheduled for production in 2028. Nvidia’s testing focuses on whether Intel can fabricate a processor that integrates four graphics chips into a single unit, a design intended for its Feynman GPU architecture. Company officials have not confirmed firm production deals for Nvidia at this stage.

The market reacted quickly. Intel shares moved upward toward the 20‑day moving average and traded above recent levels identified by some traders as a near‑term breakout point around $115. The stock has gained about 175% since the start of 2026. Technical indicators show the 14‑day relative strength index near the mid‑50s.

Separately, Intel announced a partnership with Hitachi on industrial applications that pair Intel silicon with robotics, automation and edge computing systems. The agreement covers development of “physical AI” applications that combine processors and sensors for manufacturing and other industrial environments.

Intel’s foundry business has reported other customer wins in recent months, including a foundry agreement announced last month with a major device maker. The reported Google TPU order and Nvidia testing are reported as part of that broader effort to attract large customers to Intel Foundry Services.

Market analysts point to a range of risks. The consensus Wall Street rating for Intel remains “hold,” with a mean price target near $98, which is below recent trading levels. Observers also note that scaling complex multi‑chip designs to high yield is a technical challenge for any foundry, and that Nvidia has not yet committed to volume production at Intel.

The reports do not provide exact production schedules beyond the 2028 timeframe for the Google order, and Nvidia’s evaluations are described as ongoing. Investors and industry participants are monitoring whether the trials and reported orders lead to formal, volume‑production agreements.