Why Intel Stock Bounced Back Today
Intel (NASDAQ: INTC) stock got caught up in an epic sell-off last week as semiconductor chip stocks lost $1 trillion in market capitalization. Intel stock, in particular, lost 13.5% by the close of the week.
Shares of what was once the world's biggest manufacturer of semiconductor chips bounced back with a vengeance this morning, however, and are up 11.5% as of 10:40 a.m. You can thank (NASDAQ: GOOG) (NASDAQ: GOOGL) for that.
Image source: Intel.
Source Fool.com
Intel Corp. Stock
€78.19
-0.780%
Our community is currently high on Intel Corp. with 47 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 78.19 € for Intel Corp., so the potential is actually -5.36%.
