Shares of (NASDAQ: INTC) rallied out of the gate on Monday morning, adding as much as 4.3%. As of 1:32 p.m. ET, the stock was still up 4.2%.

The catalyst that sent the semiconductor giant higher was comments made by Nvidia chief financial officer Colette Kress.

It's been a banner year for Nvidia, with the hastening adoption of artificial intelligence (AI) causing a run on the graphics processing units (GPUs) used for it. As a result, demand has far outstripped supply.

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Source Fool.com