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
€53.03
-0.260%
Based on 22 Buy predictions and 22 Sell predictions the sentiment towards Intel Corp. is rather balanced.
A target price of 25 € results in a potential of -52.86% which would mean heavy losses compared to the current price of 53.03 € for Intel Corp..
