Did Amazon Just Save Intel Stock?
This is especially true when that friend runs the largest cloud computing business in the world and you are a manufacturer of computer chips. That is why Intel (NASDAQ: INTC) stock soared after the company announced a new partnership with Amazon (NASDAQ: AMZN) for custom chip designs for its Amazon Web Services (AWS) subsidiary.
Down More Than 50%, Can Intel Stock Rebound on New Foundry Plans?
The company also announced an expanded deal with Amazon, in which the two companies will co-invest in custom chip designs. Intel's foundry will also produce artificial intelligence (AI) fabric chips for Amazon Web Services using Intel's newest 18A technology, as well as Xeon 6 chips using its Intel 3 technology.
U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to ...
Qualcomm Inc. has approached Intel Corp. to discuss a potential acquisition of the struggling chipmaker, a person with ...
Qualcomm's stock ended about 3% lower ... as technological miscues have spurred market-share challenges. Then there's the matter of Intel's manufacturing facilities. Unlike Qualcomm, Intel is ...
Qualcomm, with a market capitalization of $188 billion ... on AI processors and creating a chip contract manufacturing business, known as a foundry. Intel's stock has slumped 25% since Aug. 1, ...
A late-Friday report that Qualcomm recently made a "takeover approach" to Intel sent the latter company's shares higher.
It’s conceivable Qualcomm’s CEO, Cristiano Amon, imagines a grand alliance of sorts with Intel to really challenge Nvidia in ...
Intel stock has surged recently due to positive developments, including an expanded partnership with Amazon AWS. See more on ...
Intel stock closed up 3.3% on the news, after jumping as much as 9.5% when the story first broke. Qualcomm closed down 2.9% ...
Intel will produce the specialized "AI fabric chip" for Amazon, using its 18A manufacturing process, which is the company’s ...
Shares of Intel Corp. INTC advanced 3.31% to $21.84 Friday, on what proved to be an all-around mixed trading session for the ...
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