We recently published Massive Gains: 10 Stocks Investors Can’t Stop Buying. Intel Corp. (NASDAQ:INTC) is one of the top performers on Thursday.

Shares of Intel Corp. soared to a new all-time high on Thursday, as investors cheered the luring of Apple Inc. to invest in the company.

During the session, Intel Corp. (NASDAQ:INTC) touched its highest 52-week price of $34.25 before a slight profit-taking to end the day just up by 8.87 percent at $33.99 apiece.

According to the company, it persuaded Apple Inc. to invest as part of its efforts to bolster its business.

Early talks are now ongoing on how to work more closely together. However, negotiations can still fall through.

Earlier this month, Intel Corp. (NASDAQ:INTC) secured a $5 billion investment from chip giant Nvidia Corp.

The partnership would also cover the joint development of AI infrastructures and personal computing products that accelerate applications and workloads across hyperscale, enterprise, and consumer markets.

Additionally, Intel Corp. (NASDAQ:INTC) and Nvidia will focus on seamlessly connecting their architectures using the latter’s NVLink, which would integrate the strengths of NVIDIA’s AI and accelerated computing with Intel’s leading CPU technologies and x86 ecosystem to deliver cutting-edge solutions for customers.

For data centers, Intel Corp. (NASDAQ:INTC) will build NVIDIA-custom x86 CPUs that NVIDIA will integrate into its AI infrastructure platforms and offer to the market.

For personal computing, Intel Corp. (NASDAQ:INTC) will build and offer to the market x86 system-on-chips (SOCs) that integrate NVIDIA RTX GPU chiplets. The new x86 RTX SOCs will power a wide range of PCs that demand integration of world-class CPUs and GPUs.

While we acknowledge the potential of INTC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.