Why Intel Rallied in September
Shares of (NASDAQ: INTC) rallied 37.8% in September, according to data from S&P Global Market Intelligence.
Intel had already experienced a momentous month in August after the U.S. government converted its CHIPS Act grant money into roughly a 9% equity stake, while Japanese tech giant Softbank invested another $2 billion.
Those investments, while notable, were dwarfed in significance by last month's $5 billion investment from AI leader Nvidia (NASDAQ: NVDA), which also came along with an announcement of two key product partnerships.
Source Fool.com
Intel Corp. Stock
€36.48
1.970%
With 21 Buy predictions and 22 Sell predictions the community is currently undecided on Intel Corp..
This results in a negative potential of -31.47% based on a current price of 36.48 € and a target price of 25 € for the stock.
