Intel Advances AI Chip Strategy with Crescent Island GPU Testing Set for 2026
Intel shares surged over 4% following news of its upcoming Crescent Island GPU, designed specifically for data center inference workloads. Testing is slated to begin in late 2026, marking the company's second attempt to capture share in the AI accelerator market after its Gaudi chips underperformed.
The MOVE signals Intel's determination to compete in an AI infrastructure race dominated by early movers since 2022. Executives have committed to annual AI chip releases, with Chief Technology Officer Sachin Katti emphasizing predictable updates to close the innovation gap.