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Why Intel Rallied Today

TheMotleyFool 
0 0 15.09.25
Why Intel Rallied TodayPhoto, wide shot, wide-angle lens, soft focus, Networking equipment supplier, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-LvyAFCAMshu3rGBke5G5gxuI.png?st=2023-05-10T15%3A37%3A29Z&se=2023-05-10T17%3A37%3A29Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-10T02%3A36%3A27Z&ske=2023-05-11T02%3A36%3A27Z&sks=b&skv=2021-08-06&sig=nXxCmLby4SxAAd/YtNVxZStdXrs9BCydapQDQaR/oac%3D
 

Shares of (NASDAQ: INTC) rallied on Monday, rising as much as 5.7% before retreating to a 3.8% gain as of 12:08 p.m. ET.

Intel has been a controversial turnaround play in the semiconductor industry for a few years, and is currently pinning its hopes on the strategy of new CEO Lip-Bu Tan, who was hired in March.

Today, Intel disclosed some mildly positive news on the cost-cutting front. Given its low valuation, it only took that much to have significant outperformance.

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Source Fool.com

Intel Corp. Stock

€87.92
1.590%
There is an upward development for Intel Corp. compared to yesterday, with an increase of €1.38 (1.590%).
Currently there is a rather positive sentiment for Intel Corp. with 46 Buy predictions and 24 Sell predictions.
However, we have a potential of -20.38% for Intel Corp. as the target price of 70 € is below the current price of 87.92 €.
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