U.S. stock changes: Intel (INTC.US) rises more than 3% as company halts NEX division spin-off plan.

Fast Money Financial News App learned that on Friday, Intel (INTC.US) rose over 3% to $42.01. In terms of news, on Wednesday, Intel announced that it was shelving its plan to divest its Network and Edge Computing Business (NEX) and decided to keep the department fully operational within the company. In an official statement released on Wednesday, Intel stated: "After a comprehensive evaluation of strategic options for NEX, including potential paths for independent operation, we have determined that keeping this business within Intel is the most advantageous for its success. Keeping NEX within the company will help achieve closer integration between silicon chips, software, and systems, enhancing our customer solutions in the fields of artificial intelligence, data centers, and edge computing."