Why Intel Stock Popped Today
Shares of Intel (NASDAQ: INTC) spiked on Wednesday after the chipmaker struck a deal to reacquire a key manufacturing site.
Image source: Intel.
Back in 2024, Intel sold a 49% stake in a joint venture formed around its Fab 34 facility in Ireland to investment funds overseen by Apollo Global Management (NYSE: APO) for $11.2 billion. The semiconductor designer used the cash to advance its manufacturing plans.
Source Fool.com
Intel Corp. Stock
€78.19
-0.780%
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 78.19 € for Intel Corp., so the potential is actually -5.36%.
