Why Intel Rallied Today
Shares of (NASDAQ: INTC) were rallying on Wednesday, up 6.1% as of 1:37 p.m. EDT.
Many technology and AI-related companies were rebounding from yesterday's sell-off today; however, Intel shares might have gotten an added boost when its Chief Financial Officer, David Zinsner, spoke at a technology conference this morning.
The conversation contained numerous positives about current demand, Intel's foundry ambitions, and other aspects of the semiconductor giant.
Source Fool.com
Intel Corp. Stock
€37.42
-5.430%
Our community is currently high on Intel Corp. with 21 Buy predictions and 18 Sell predictions.
On the other hand, the target price of 29 € is below the current price of 37.42 € for Intel Corp., so the potential is actually -22.49%.
