Why Intel Stock Is Skyrocketing Today
Shares of Intel (NASDAQ: INTC) are flying higher on Thursday. The company's stock gained 8.9% as of 11:00 a.m. ET but was up as much as 11.2% earlier in the day. Meanwhile, the S 500 was flat and the Nasdaq Composite lost 0.3%.
The chipmaker has fallen behind rivals like AMD and Nvidia in the all-important artificial intelligence (AI) market and is considering deals with several other chipmakers that would lead to a major shakeup.
Over the weekend, The Wall Street Journal reported that Broadcom is looking into making a bid for Intel's product business, the heart of Intel, which designs and markets its own chips. The deal could involve the company being cut in two, with Taiwan Semiconductor stepping in to take over its other major business, manufacturing and fabrication.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 47 Buy predictions and 25 Sell predictions.
However, we have a potential of -13.58% for Intel Corp. as the target price of 72 € is below the current price of 83.31 €.
