Why Intel Stock Gained Today
Shares of (NASDAQ: INTC) gained in Monday's trading. The company's share price closed out the day up 3.1%, according to data from S&P Global Market Intelligence.
While there wasn't any business-specific developments affecting Intel today, the stock did get a boost from news that another U.S. semiconductor company was receiving some significant government subsidies. Texas Instruments published a press release announcing that it would receive $1.6 billion in new funding through the CHIPS Act to develop semiconductor plants in Texas and Utah.
The company also said that it anticipates receiving between $6 billion and $8 billion in tax credits.
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%.
