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
€40.05
0.210%
With 20 Buy predictions and 19 Sell predictions the community is currently undecided on Intel Corp..
However, we have a potential of -27.59% for Intel Corp. as the target price of 29 € is below the current price of 40.05 €.
