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
€53.13
-0.080%
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 -52.95% which would mean heavy losses compared to the current price of 53.13 € for Intel Corp..
