NEW YORK (TheStreet) -- Intel (INTC) - Get Report climbed higher Friday, a day after it announced its quarterly dividend and plans to team up with Google (GOOG) - Get Report and Tag Heuer to produce a high-end smartwatch. Amazon (AMZN) - Get Report also advanced, following its announcement the Federal Aviation Administration approved experimental testing of its drones in the U.S. EMC (EMC) jumped after announcing plans to open a Cloud Foundry "Dojo."

Intel climbed 1.9% to close at $31.31.

The chip giant advanced following its announcement yesterday that it was teaming up with Google and TAG Heuer to develop a high-end smartwatch. Intel's move into this industry comes as an increasing number of tech companies jump into the wearables market. Some market observers believe Intel's effort will put it directly into competition with Apple's AAPL newly introduced smartwatch.

In addition, Intel also announced yesterday it will issue a quarterly dividend of 24 cents a share on June 1 to shareholders of record as of May 7. The size of the dividend will be comparable to its previous dividends. 

Amazon rose 1.4% to end the session at $378.49.

The online retailer advanced after announcing the Federal Aviation Administration had approved its experimental testing of drones in the U.S. Previously, Amazon was testing the drones outside of the U.S. as a means to quickly transport its deliveries. 

While the FAA's blessing on the U.S. experimental testing appeared to win kudos with investors, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, recently said on CNBC's "Mad Dash" segment that investors who are interested in buying Amazon should snap up the shares because of  Amazon's tremendous sales and earning potential, rather than because of the drones.

EMC rose 1.9% to close at $26.70.

The company is expanding beyond its core business of storage and adding cloud training to the mix. The Cloud Factory Dojo will pair software coders with cloud experts for a six to 12 week program where they work on open source cloud projects. 

EMC's training program will be based in Cambridge, Mass., where the company's top open systems software specialists are working. 

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.