Why Intel Stock Popped Today
There's no end to the excitement for Intel (NASDAQ: INTC), it seems. After shares surged earlier this week on a partnership with Amazon and a $3 billion contract with the Defense Department, they jumped again late Friday on reports that Qualcomm (NASDAQ: QCOM) had approached its rival about a possible takeover, showing the struggling semiconductor company could be in play.
Intel stock closed up 3.3% on the news, after jumping as much as 9.5% when the story first broke. Qualcomm closed down 2.9% after sinking 6% earlier, showing Qualcomm investors didn't like the idea of a tie-up between the two chip giants.
Image source: Getty Images.
Source Fool.com
Qualcomm Inc. Stock
€128.08
-2.480%
Our community is currently high on Qualcomm Inc. with 40 Buy predictions and 10 Sell predictions.
With a target price of 175 € there is a positive potential of 36.63% for Qualcomm Inc. compared to the current price of 128.08 €.
