Why Intel Stock Surged Today
After sell-offs yesterday, (NASDAQ: INTC) stock rallied in Tuesday's trading. The semiconductor company's share price gained 2.8% amid a 2.5% gain for the S 500 and a 2.7% gain for the Nasdaq Composite. The stock had been up as much as 4.8% before giving up some of its gains.
Bloomberg reported today that U.S. Treasury Secretary Scott Bessent said at an investor conference this morning that the U.S.-China trade war could see significant de-escalation in the near term. The news helped power substantial gains for Intel despite two analysts lowering their price targets on the stock before the market opened.
Treasury Secretary Bessent reportedly said today that the U.S.'s trade war with China was unsustainable and indicated that there could be a deal, even though negotiations had not begun in earnest. The White House later confirmed that the Trump administration was "setting the stage" for a trade deal with China.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 46 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 70 € is below the current price of 85.71 € for Intel Corp., so the potential is actually -18.33%.
