Intel Stock Surge Could Boost AI-Related Cryptocurrencies

Intel Stock Surge Could Boost AI-Related Cryptocurrencies

Intel (NASDAQ: INTC) saw its stock jump nearly 8% during after-hours trading on Monday, following CEO Pat Gelsinger’s update on the company’s cost-cutting initiatives and future plans for restructuring. Gelsinger announced that Intel is making significant strides in reducing operational costs, including layoffs, while seeking greater autonomy by transitioning its chip manufacturing arm, Intel Foundry, into a separate subsidiary. This move could also involve selling its chip production services to external clients.

Intel’s Stock Rally May Spill Over to the Crypto Market

Intel’s shares surged on Monday, with analysts projecting further growth. Currently trading at $22.58, some experts predict it could rise to between $25 and $35. As Intel continues its upward trajectory, the ripple effects could extend to the cryptocurrency market, particularly benefiting AI-focused coins.

AI Cryptocurrencies to Watch as Intel Rallies

The booming chip industry has shone a spotlight on AI-focused projects in the crypto space, which rely heavily on powerful computing hardware. Here are some top AI coins that may benefit from Intel’s stock surge:

Render (RNDR)

Render is a decentralized, multi-chain platform that provides GPU-based computing power for intensive tasks like 3D rendering and machine learning. The platform’s native token, RNDR, is currently priced at $4.77 after a 3.8% drop in the last 24 hours. Despite this, RNDR has maintained support around $4 for over a month, suggesting that this could be a favorable buying opportunity. With Intel’s continued success, RNDR could see gains of up to 134%, potentially reaching $11.

Near Protocol (NEAR)

Near Protocol is a layer-one blockchain valued at $4 billion, designed to support decentralized applications (dApps). The protocol solves the “blockchain trilemma” by using its Nightshade technology, enabling faster, more affordable transactions at scale. Currently trading at $3.99, NEAR has risen 0.4% over the past day. The $4 resistance level has proven to be strong, and with Intel’s stock on the rise, NEAR could be poised for its next upward movement.

Artificial Superintelligence Alliance (FET)

Artificial Superintelligence Alliance operates on Ethereum and offers a variety of AI solutions through its Agentverse engine. These include AI trading assistants, smart contract generators, NFT creators, and chatbots. Despite recent setbacks, with its token FET dropping significantly since its all-time high in March, it has recently rebounded by 65%, settling around $0.8. The token is now approaching a bullish continuation pattern that could push it to $2.10, with potential upside toward $3.50 if Intel’s stock continues its ascent.

As traditional finance merges with digital fintech, large chip manufacturers like Intel are likely to influence both machine learning and AI-based crypto projects. If Intel’s stock continues its upward momentum, we could see a corresponding surge in AI-related cryptocurrencies, sparking a new bull run across the crypto market.