Intel Is Turning Its Foundry Business Into a Subsidiary. Time to Buy?
INTCIntel(INTC) The Motley Fool·2024-09-21 01:29

Investors should take a closer look at the chipmaker after its latest strategic pivot.The brutal sell-off in Intel (INTC -2.91%) stock may finally be over. The stock seems to have resurged on news that the company plans to turn its foundry business into a subsidiary. It also expanded its deal with Amazon, inking a new agreement to produce artificial intelligence (AI) chips for Amazon Web Services (AWS). That could transform it into a major player in the AI server chip market.Nonetheless, considering the sto ...