Intel (NASDAQ: INTC) shares rose early Tuesday after the chipmaker announced that some of its oft-discussed Arc GPUs would be released in the summer with a staggered launch, although it did highlight some software delays with the new graphics card.
In a late Monday blog postLisa Pearce, vice president and general manager of the Visual Compute Group, said laptops with Arc 5 and Arc 7 graphics will be available “early summer” and the company is working closely with its PC partners. , including Samsung, Lenovo, Acer, HP (HPQ), and Asus to release computers with its entry-level “ASAP” Arc 3 GPU.
“We had planned to have wider OEM availability at this stage; however, we have had some delays in software readiness and, with COVID lockdowns affecting global supply chains, OEM designs are no longer becoming widely available. than this month,” Pearce wrote in the post. .
Intel Stocks (INTC) rose more than 2% to $43.97 at the start of Monday’s session.
On Monday, Seeking Alpha reported that the launch of Arc graphics cards had been pushed back to late summer.
Several analysts, including William Stein, an analyst at investment firm Truist, have praised Intel’s (INTC) Arc desktop GPUs, with Stein calling them “not in the right direction”, but the GPU market has long been dominated by offerings from Nvidia (NVDA) and Advanced Microdevices (AMD).
In March, Nvidia (NVDA) unveiled the new Hopper line of GPUs, starting with the H100, which has 80 billion transistors and technically outperforms the Nvidia (NVDA) Ampere architecture, launched in 2020.
Separately on Tuesday, AMD (AMD) announced three new Radeon RX 6000 series graphics cards which are available immediately from a number of different retailers.
AMD Stocks (AMD) rose more than 2% to $88.24 at the start of the session on Tuesday.
Last month, Intel (INTC) forecast second-quarter revenue to be slightly below analysts’ estimates and suggested PC market weakness could be on the horizon.