US Stock Market Move | Intel Corporation (INTC.US) rose more than 6.5%. Alphabet Inc. Class CTPU's demand expansion may be good for its foundry layout.

On Friday, the stock price of Intel Corporation (INTC.US) rose, as of the time of publication, the stock surged over 6.5% to $39.24. On the news front, the success of Alphabet Inc. Class C's (GOOG.US, GOOGL.US) self-developed chips is attracting increasing attention to the expanding role of custom ASICs in the AI computing era. Although Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) is currently the main manufacturing partner for Alphabet Inc. Class C's TPU, the growing momentum of these processors (and custom AI ASICs in a broad sense) may also benefit Intel Corporation's contract manufacturing and product divisions. This is expected to strengthen Intel Corporation's broader prospects for recovery and could be a breakthrough catalyst for the stock.