Intel Gains, Peloton Falls, Reddit Slides
On this episode of Stock Movers:- Intel (INTC) shares climbed as much as 6.8% after Semafor reported that the company is in talks to add Advanced Micro Devices Inc. as a customer for its manufacturing business. The companies are in early-stage discussions about having AMD rely on Intel factories, Semafor said, citing unidentified people familiar with the matter. AMD currently depends on Taiwan Semiconductor Manufacturing Co. for much of its manufacturing needs. AMD and Intel declined to comment to Bloomberg News. - Peloton (PTON) shares fell Wednesday after the company raised prices on both…
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