INTC Sep 2024 36.000 put
| Previous close | 14.50 |
| Open | 14.50 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 36.00 |
| Expiry date | 2024-09-20 |
| Day's range | 14.50 - 14.50 |
| Contract range | N/A |
| Volume | |
| Open interest | 64 |
- Yahoo Finance Video
Intel's partnerships are boosting investor confidence: Analyst
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. To talk more about these headlines from the semiconductor company, the Morning Brief team welcomes Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead. "The biggest and most important, Intel news here was was longer term. If you can get the number one cloud provider to do not just one, but two very custom type of chips for you — one in the foundry and then one a custom server chip — this portends to a very good future," Moorhead states. "And you add AWS to a Microsoft (MSFT), who committed to Intel's leading edge 18A process, this is a very positive view. While the foundry spin in the ink isn't fully dry on that, it's not official. This is something that a lot of the customers who are sitting, waiting, and looking to make a decision on Intel could be waiting for." Moorhead goes on to say that Intel's partnerships have "reduced risk" and can even "increased confidence for investors" in the long term. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
ZacksIntel and Amazon Expand Partnership: Time to Buy These Iconic Tech Stocks?
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.
