Why Intel Stock Is Gaining Today
(NASDAQ: INTC) stock is climbing in Thursday's trading. The semiconductor company's share price was up 3.1% as of 3:15 p.m. ET. Meanwhile, the S 500 index and the Nasdaq Composite index were both down 0.5%.
Intel stock is gaining ground today following a presentation from co-CEOs Michelle Johnston Holthaus and David Zinsner at Barclay's Global Technology Conference. The executives shared some insight into the direction of the business going forward, and Wall Street seems to have been somewhat comforted by the content of the presentation. Intel stock is down roughly 59% in 2024.
Holthaus and Zinsner stepped in as co-CEOs following the recent departure of former-CEO Pat Gelsinger. The company's path forward amid underperformance for its chip design and semiconductor fabrication units was already a concern for investors, and Gelsinger's resignation only added to the uncertainty surrounding the business.
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 79.74 € for Intel Corp., so the potential is actually -7.2%.
