Intel was gaining early Monday on the prospect its chip-manufacturing business could gain major customers in Nvidia and Broadcom. Chip designers Nvidia and Broadcom are both running tests on Intel’s 18A manufacturing process,

Intel is rising on a report that two leading AI names are running manufacturing tests using Intel's chip-making technology.

Chip designers Nvidia and Broadcom are running manufacturing tests with Intel , two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company's advanced production techniques.

NVIDIA and Broadcom are testing chip manufacturing with Intel, according to Reuters. The partnership is a major step toward assessing the possibility of large-scale manufacturing contracts with Intel.

Chip designers Nvidia and Broadcom are testing Intel's advanced 18A manufacturing process, assessing its capability for large contracts. While these tests mark a potential endorsement, Intel faces delays in finalizing intellectual property crucial for production.

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Intel shares powered higher in early Monday trading following reports that both Nvidia and Broadcom are looking to test the chipmaker's advanced AI production techniques in what could be an early and important endorsement of its nascent turnaround plans.