Huge News for Intel Stock. Is it Time to Buy?

Huge news came through for Intel (NASDAQ: INTC) recently as it announced an extended partnership with Amazon's (NASDAQ: AMZN) cloud computing division called Amazon Web Services (AWS). The partnership revolves around commitments for co-designs on new computer chips on Intel's architecture as well as commitments to spending on Intel's new manufacturing plants.Intel's stock shot up around 10% on the news but has since faltered again. The stock remains down about 70% from its 10-year high due to competitive pressures from other computer chip manufacturers and as Intel fell behind in advanced semiconductor manufacturing in recent years. However, I wouldn't underrate this news from Amazon, which is one of, if not the largest, spender on computer chips globally. It is committing to Intel despite rising doubts about the once-dominant computer chip manufacturer.Does that mean you should commit to Intel's stock?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool