Why Intel Stock Popped on Monday
Intel (NASDAQ: INTC) stock gained 4.1% through 9:45 a.m. ET Monday morning after CNBC reported this morning that the U.S. Commerce Department is close to awarding Intel an $8 billion subsidy to assist with expanding its semiconductor chip operations.
The Wall Street Journal had previously reported (last week) that this grant was on the way.
One quirk to this story is that last week, WSJ indicated Intel was in line for an $8.5 billion grant for factory-building, on top of a separate $3 billion award to build chip plants geared to production of semiconductors for the U.S. military. CNBC notes that the government appears to have shaved down the size of the first grant by $500 million, to $8 billion, "due to uncertainties about Intel's ability to execute on its investment commitment, and because of Intel's shifting technology roadmap and customer demand."
Source Fool.com
Intel Corp. Aktie
Die Community bevorzugt leicht den Verkauf von Intel Corp., mit etwas mehr Sell- (19) als Buy-Einschätzungen (12).
Für Intel Corp. sieht die Community ein Kursziel von 23 €, was einen erheblichen Rückgang um über 20% gegenüber dem aktuellen Kurs von 30.6 € bedeutet.
