Why Intel Stock Soared 8.7% Today
Shares of Intel (NASDAQ: INTC) gained on Tuesday, finishing the day up 8.7%. The rise came as the S 500 and the Nasdaq Composite jumped 0.2% and 0.5%, respectively.
Intel's stock continued to climb today, driven by Friday's unconfirmed report that the chipmaker is set to begin manufacturing semiconductors for 's MacBook Air and iPad Pro.
On Friday, TF International analyst Ming-Chi Kuo claimed on X that Intel will supply Apple with its lower-end M processors, which power the iPad Pro and MacBook Air. The first shipments are expected as early as the second quarter of 2027.
Source Fool.com
Intel Corp. Stock
€39.97
1.680%
Based on 20 Buy predictions and 18 Sell predictions the sentiment towards Intel Corp. is rather balanced.
On the other hand, the target price of 29 € is below the current price of 39.97 € for Intel Corp., so the potential is actually -27.44%.
