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Stock of the Day: Intel spikes 5% after proposal for major AI firms to run company's chipmaking foundry

  • Intel stock jumped 5.5% on reports of a foundry joint venture with major chip makers.
  • TSMC approached Nvidia, Advanced Micro Devices, and Broadcom for the JV.
  • If a deal is reached, it could mark a positive reversal for Intel's fortunes.
  • Interest from other US chipmakers in Intel's foundry has been mounting.

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