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
€32.15
1.290%
Our community is currently low on Intel Corp. with 14 Buy predictions and 19 Sell predictions.
A potential of -28.46%, resulting from comparing the current price of 32.15 € with the target price of 23 € for Intel Corp., shows the chance of incurring significant losses.
