US Stock Market Move | Former Qualcomm GPU leader joins Intel Corporation, INTC.US, and its stock rises over 6% against the trend.

On Tuesday, Intel Corporation (INTC.US) rose more than 6% against the trend, with a cumulative increase of 35% in January. On the news front, on January 20th, Eric Demers, former head of Qualcomm's GPU, joined Intel Corporation as a senior vice president, which will accelerate Intel Corporation's AI and data center GPU research and development, enhancing its competitiveness in the AI accelerator market. HSBC analyst Frank Lee upgraded his rating on Intel Corporation from "hold" to "buy", with a target price raised from $24 to $50, reflecting recognition of improvements in its business prospects.