Intel stock

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

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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

US stock market: Intel shares buck the chips rout, rise 8%

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US stock market: Intel shares buck the chips rout, rise 8%

Intel Corp. shares bucked the chips rout on Wednesday, rising as much as 8.2 per cent on speculations that the company could benefit from policies under either a Biden or Trump administration. Chip stocks plunged on worries over trade curbs on companies giving China access to advanced semiconductor technology. The Philadelphia Semiconductor Index sank 4 … Read more