"Intel and Amazon announced that they have entered into an agreement that will see Intel making custom artificial intelligence chips for Amazon's cloud services unit, Amazon Web Services (AWS). This multimillion-dollar deal is a huge vote of confidence in Intel's favor, indicating that one of the largest tech companies believes in Intel’s capability to compete in the AI space."
"When the deal was announced on September 16, Intel shares surged 8% after the closing bell. Investors responded positively to Intel's commitment to innovation, which could signify a turnaround in its fortunes amid a challenging market dominated by competitors like Nvidia."
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