Why Intel Stock Is Gaining Today
(NASDAQ: INTC) stock is posting gains in Monday's trading. The semiconductor company's share price was up 2.1% as of 1:15 p.m. ET.
Intel stock is gaining ground following comments made by Taiwan Semiconductor Manufacturing CEO Morris Chang over the weekend. Chang believes that challenges created for his company by restrictions on selling chips to China are poised to intensify. Investors are betting that this dynamic could be good news for Intel.
Taiwan Semiconductor Manufacturing, or "TSMC" as it's often called, is the world's leading manufacturer of semiconductors. While many companies design their own chips, TSMC has a dominant position when it comes to semiconductor fabrication. The company's dominance is even more pronounced when it comes to advanced chips used for artificial intelligence (AI), telecommunications, and next-gen defense applications. As a result, the company's services are in high demand -- and the fabrication leader has become central to geopolitical considerations.
Source Fool.com
Intel Corp. Stock
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%.
