Why Comments by Nvidia's CFO Pushed Intel Stock Into Rally Mode This Morning
Shares of (NASDAQ: INTC) rallied out of the gate on Monday morning, adding as much as 4.3%. As of 1:32 p.m. ET, the stock was still up 4.2%.
The catalyst that sent the semiconductor giant higher was comments made by Nvidia chief financial officer Colette Kress.
It's been a banner year for Nvidia, with the hastening adoption of artificial intelligence (AI) causing a run on the graphics processing units (GPUs) used for it. As a result, demand has far outstripped supply.
Source Fool.com
Intel Corp. Stock
€29.09
1.870%
Our community is currently high on Intel Corp. with 27 Buy predictions and 12 Sell predictions.
With a target price of 38 € there is a positive potential of 30.65% for Intel Corp. compared to the current price of 29.09 €.
