Did Amazon Just Save Intel Stock?

Partnerships don't fix everything, but they can help with a broken narrative.It can pay to have rich friends.This is especially true when that friend runs the largest cloud computing business in the world and you are a manufacturer of computer chips. That is why Intel (INTC 3.31%) stock soared after the company announced a new partnership with Amazon (AMZN 0.91%) for custom chip designs for its Amazon Web Services (AWS) subsidiary.Intel stock shot up from around $19 to $21 on this news, stemming painful los ...