Intel (INTC) Surges 6.4%: Is This an Indication of Further Gains?
INTCIntel(INTC) ZACKS·2024-09-17 19:06

Intel (INTC) shares ended the last trading session 6.4% higher at 20.91.Thejumpcameonanimpressivevolumewithahigher−than−averagenumberofshareschanginghandsinthesession.Thiscomparestothestock′s5.820.91. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.8% loss over the past four weeks.Intel recently secured direct funding of up to 3 billion from the U.S. government for several defense programs. The company also inked a multi-year, multi-billion dollar deal with Amazon Web Services. Per the agreement, Intel will develop AI chips leveraging i ...