India, Sept. 21 -- Intel stock is surging in pre-market trading. Intel shares jumped 5.9% in pre-open trading on Monday, extending the strong rally seen last week. The stock had recently broken out of its trading range, adding to the upward momentum.

A new Intel-AUO partnership is the main reason behind the latest jump. Intel has reportedly partnered with AUO Optronics, a major Taiwanese display-panel maker, to develop Micro LED advanced packaging technology. The technology is aimed at markets such as co-packaged optics (CPO) and high-density computing. Taiwan's Economic Daily News reported the partnership on Monday.

The technology could be important for AI data centers. CPO combines optical and electronic components more closely inside...