Intel and Micron are two of the worst-performing semiconductor stocks in the previous two months.
Intel stock (NASDAQ: INTC) rallied by close to 6% in Monday's trading and gained by another 8% in after-hours trading, taking the stock to levels of about $22 per share. Intel stock still remains down by over 50% year-to-date.
As markets rise in anticipation of the Fed cutting rates tomorrow, Intel (INTC) and Amazon (AMZN) have helped lead the broader rally among tech stocks after announcing plans to expand their partnership.
Jordan Klein, tech, mean and telecom analyst at Mizuho Americas, joins Caroline Hyde and Ed Ludlow to discuss why he thinks the news of Intel's Amazon deal is very positive for the chip company. He speaks on "Bloomberg Technology.
There are signs of hope among Intel (INTC) investors.
Intel will make custom artificial intelligence chips for Amazon Web Services. The companies said this is a multiyear, multibillion-dollar deal.
Intel (INTC) shares climb into Tuesday's session after announcing plans to expand its AI chipmaking partnership with Amazon Web Services (AMZN). Furthermore, Intel announced plans to spin off its Intel Foundry business into an independent subsidiary.
Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst, joins to discuss the latest on Intel's custom chip and delayed German factory plans and the latest with Microsoft's $60 billion buyback.
INTC expands collaboration with AWS to develop an AI fabric chip leveraging its most advanced Intel process node.
BofA Securities analyst Justin Post maintained a Buy rating on Amazon.Com Inc AMZN with a price target of $210.
@investopedia's Caleb Silver calls Intel (INTC) "one of the most important companies a decade ago." The company is looking to catch up in the A.I.
Intel Corp INTC shares climbed in early trading on Tuesday, after the company reported a multi-billion-dollar deal with Amazon.com Inc's AMZN cloud unit and received a U.S. semiconductor grant.