Intel shares soar nearly 8% after multibillion-dollar chip deal with Amazon
Wed, Sep 18, 2024 2:52 PM

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

A Flip by Shubhangi Gupta
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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 as the chipmaker’s shares had fallen nearly 60 per cent this year.

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