New-age search engine Perplexity made an audacious $34.5 billion bid to buy Google’s Chrome browser, which is not even for sale yet, pending a court decision. But it reportedly had to raise a new round to show it’s serious, which remains in doubt despite its claim that it has several venture funds interested in backing its bid.

Shares of Intel ( INTC 3.73%) are soaring this week, up 24.1% as of 3:13 p.m. ET. The spike comes as the S&P 500 ( ^GSPC -0.22%) was up 1%, and the Nasdaq-100 was up 0.5%.

Semiconductor Trade Deals Stir Controversy The U.S.-China trade landscape has been a high-stakes chessboard, with semiconductor giants Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) recently securing controversial export licenses to sell chips in China.

Rivos, an artificial intelligence-focused semiconductor startup backed by Intel (INTC) CEO Lip-Bu Tan, is currently seeking up to $500M in a funding round to help it compete against chip champion Nvidia (NVDA),

Intel unveils USAI narrative: emphasizing over 50 years of US-based manufacturing, announces it's building AI agents for the US military.

Intel's stock climbed Friday, while other chip stocks slid after President Trump told reporters semiconductor tariffs could climb as high as 300%.

Intel is undergoing a sweeping strategic overhaul under CEO Lip-Bu Tan, signaling a decisive break from legacy structures and a bold push to reposition the company at the center of the AI revolution.

Discover how the MSI Claw 8 AI handheld gaming PC delivers desktop-level power with Intel ARC GPU and AI-driven performance upgrades.

Intel has matched AMD with an option to adjust your laptop's memory, tweaking whether it's assigned to the operating system or to VRAM. This can offer significant boosts to gaming and AI.