Intel Stock Rises On Multibillion Dollar AWS Deal, U.S. Chip Grant Boost: What Do Analysts Think?

Quick Summary:

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, Arya said in a note.

Intel Corp (NASDAQ:INTC) shares climbed in early trading on Tuesday, after the company reported a multi-billion-dollar deal with Amazon.com Inc's (NASDAQ:AMZN) cloud unit and received a U.S.semiconductor grant.

BofA Securities On Intel

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Author / Journalist: Priya Nigam

Category: Technology

Markets: United StatesTaiwan

Topics: Northland Capital markets Analyst Ratings KeyBanc Capital Markets Expert Ideas Trading Ideas US0231351067 John Vinh US4581401001 Tech Stories That Matter AVGO TSM Benzinga INTC BofA Securities Gus Richard Vivek Arya US8740391003 Analyst Color Reiteration SG9999006241 AMZN Movers

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Published On: 2024-09-17 @ 16:01:53 (10 hours ago)

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