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Why Intel Stock Surged Today

TheMotleyFool

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Why Intel Stock Surged TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png

Shares of Intel (NASDAQ: INTC) jumped on Wednesday along with the major stock market indices. While there was no company-specific news, a solid earnings report from Advanced Micro Devices (NASDAQ: AMD) may be helping the cause. Shares of Intel were up 5.4% at 3:35 p.m. EDT.

While AMD stock slumped following its in-line first-quarter report, some commentary from management regarding the server chip business may be giving Intel investors reason to be optimistic about data center demand.

Image source: Intel.

Source Fool.com

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