Intel shares soar nearly 8% after multibillion-dollar chip deal with Amazon

Intel shares soar nearly 8% after multibillion-dollar chip deal with Amazon

Shares of Intel Corp. soared as much as 8 per cent on Tuesday after a chip-making deal with Amazon’s cloud business was announced. At 1:08 pm EDT, Intel shares were at $21.62, up $0.70 or 3.37 per cent. On Monday, Intel shares had gained 6.4 per cent. The deal provides some respite to Intel’s investors … Read more