Why Intel Rallied Yet Again Today
Shares of (NASDAQ: INTC) rallied for the second day in a row on Thursday, up 6.4% as of 12:23 p.m. ET.
Intel received good news yesterday regarding the end-demand fundamentals of its key end markets. However, the stock's strong rally over the past month has generally been due to investments from outside parties, including Nvidia, , and the U.S. government.
Last night, another rumor emerged regarding another potential investment along these lines, with Bloomberg reporting the next investee could be Apple (NASDAQ: AAPL). This and other news around Intel raising prices on certain PC chips could be leading to the strong rally today.
Source Fool.com
Intel Corp. Stock
€40.07
0.330%
Based on 20 Buy predictions and 19 Sell predictions the sentiment towards Intel Corp. is rather balanced.
On the other hand, the target price of 29 € is below the current price of 40.07 € for Intel Corp., so the potential is actually -27.63%.
