Intel's stock rose after announcing a partnership with Amazon to create custom chips for AWS.

Intel's stock rose significantly after announcing a partnership with Amazon to create custom chips for Amazon Web Services (AWS). This collaboration aims to help Intel recover losses in its chip manufacturing sector and enhance its competitiveness in AI. Despite ongoing challenges, including a decline in market share and negative cash flow, the partnership could potentially aid Intel's financial recovery and bolster its valuation in the long term.

September 20, 2024
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