Intel Stock Rises On Multibillion Dollar AWS Deal, US Chip Grant Boost: What Do Analysts Think?
INTCIntel(INTC) Benzinga·2024-09-18 00:01

Intel Corp INTC shares climbed in early trading on Tuesday, after the company reported a multi-billion-dollar deal with Amazon.com Inc's AMZN cloud unit and received a U.S. semiconductor grant.Here are some key analyst takeaways.BofA Securities On IntelAnalyst Vivek Arya reiterated an Underperform rating and price target of $21.Intel announced a collaboration with Amazon Web Services (AWS) on a custom AI fabric chip and custom Xeon server CPU chip, as well as a funding of $3 billion for government chips, Ar ...