Why Intel Stock Skyrocketed This Week
Shares of Intel (NASDAQ: INTC) are soaring this week, up 24.1% as of 3:13 p.m. ET. The spike comes as the S 500 (SNPINDEX: ^GSPC) was up 1%, and the Nasdaq-100 was up 0.5%.
The struggling chipmaker's stock is jumping after its CEO met with Trump at the White House; rumors are spreading that the administration may take a stake in the company.
After Trump called on CEO Lip-Bu Tan last week to resign because of his alleged ties to the Chinese government, a meeting was arranged. The White House visit appears to have gone quite well, with Trump saying Tan has an "amazing story."
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%.
