Smart money loads up on Intel and Uber as AI and rideshare bets heat up

Two tracked wallets went shopping in tech this week. Intel got the bigger ticket, a $3 million buy on a name that has roughly tripled over the past three months as Wall Street rebrands it from sleepy PC maker to AI chip contender, even after the whole AI group sold off hard on Friday June 26. The wager: Intel's foundry comeback and AI server demand keep delivering. The smaller bet, a $750,000 stake in Uber, landed days after the stock jumped nearly 6% on June 24 when Uber added five new retailers to Eats and pushed deeper into robotaxis. The thesis there: rides, delivery, and self-driving cars keep compounding.