Why Intel Stock Is Rallying Again Today
Shares of (NASDAQ: INTC) were outperforming on Wednesday, with the stock up as much as 5.6% before pulling back to a 3.2% gain as of 12:08 p.m. today as the broader market sold off.
Intel shares have been on a tear over the past month, after the U.S. government, , and then Nvidia all invested in the chipmaker, giving it much-needed votes of confidence as it ramps up its all-important 18A node.
Then today, the company got even better news from another outside party in the form of Micron, which announced its fourth-quarter earnings last night.
Source Fool.com
Intel Corp. Stock
€87.46
10.760%
Our community is currently high on Intel Corp. with 46 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 70 € is below the current price of 87.46 € for Intel Corp., so the potential is actually -19.96%.
