Fool.com contributor Parkev Tatevosian discusses the latest developments for Intel (NASDAQ: INTC) stock investors. *Stock prices used were the afternoon prices of Sept. 16, 2024. The video was published on Sept.

Intel will produce the specialized "AI fabric chip" for Amazon, using its 18A manufacturing process, which is the company’s most advanced chip manufacturing technology.

Intel stock has surged recently due to positive developments, including an expanded partnership with Amazon AWS. See more on INTC stock here.

Investors hoping that support from the U.S. government will power Intel's turnaround got some good news recently.

Intel stock (NASDAQ: INTC) is trading at about $19 per share, its lowest point in over a decade. Could the stock rise by over 3x per share in the next few years? Does this sound a bit ridiculous? Consider this - Intel stock was trading at levels of about $60 per share just about three years ago.

Intel Corp (NASDAQ:INTC) stock maintained upward momentum on Tuesday, a day after CEO Pat Gelsinger clarified its restructuring stance, bagged a multi-year, multi-billion-dollar U.S. chipmaking deal from existing customer Amazon.

After hanging on the ropes for much of August and September, Intel (INTC -3.26%) is suddenly having a banner week. The stock jumped yesterday after the company secured $3 billion

Key Takeaways Shares of Intel recently traded at their highest levels this month.Investors responded positively to Monday night's turnaround update from Intel CEO Pat Gelsinger.Some Wall Street analysts,

Gelsinger announced that Intel has entered into an agreement with Amazon Web Services that will see the chipmaker produce custom chips for the cloud computing giant. The CEO also said that Intel will transform its Foundry business into a subsidiary company with independent directors.