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Intel manufactures custom AI chips for Amazon, with post-market trading up over 10%.
Intel has finally met the qualification to manufacture semiconductor components for the Pentagon, with the potential to obtain a contract worth up to $3.5 billion. At the same time, the company has reached an agreement with Amazon AWS to produce customized AI chips and establish a long-term framework for product and wafer supply cooperation. In addition, Intel plans to spin off its foundry business (IFS) into a subsidiary to enhance its market competitiveness. Intel has adjusted its overseas expansion plans and will suspend the Poland and Germany factory projects for about two years. As a result of these bullish news, Intel's stock soared 6.4% at the close on Monday, and continued to rise over 10% in post-market trading.
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microsoft Copilot's customer base increased by 60% last quarter! The new upgrade can code Excel spreadsheets and prioritize processing emails.
Microsoft also announced a large-scale procurement agreement with Vodafone Group Plc. Vodafone will purchase 68,000 licenses for the company version of Copilot assistant, which incorporates the latest AI capabilities. Analysts believe that Microsoft is integrating the popular Office software with OpenAI's AI models, distinguishing its products in the market from competitors' products, including OpenAI's own products.