Intel Teams Up With Amazon. Is the Chip Stock a Buy Now?
INTCIntel(INTC) The Motley Fool·2024-09-18 01:08

Intel scored a new deal with Amazon.After hanging on the ropes for much of August and September, Intel (INTC 3.93%) is suddenly having a banner week.The stock jumped yesterday after the company secured $3 billion in funding from the CHIPS Act, and today it's climbing again after it announced a new partnership with Amazon (AMZN 1.08%). At 12:23 p.m. ET, the stock was up 4.4% on the news. Investors see it as a sign that the company is reinventing itself after announcing a massive restructuring in its second-q ...