Why Intel Was Rallying Today
Shares of (NASDAQ: INTC) were rallying on Friday, with shares up 5.5% as of 11:52 a.m. EDT.
Intel is up strongly year to date, even though the stock pulled back from recent highs following its Jan. 22 earnings report. However, the stock has been recovering this week and is now approaching its multi-year highs once again.
Today, the entire AI-related semiconductor sector was moving higher on the back of massive capital spending forecasts from all the major cloud companies, especially Amazon (NASDAQ: AMZN), which announced a $200 billion 2026 spending plan last night.
Source Fool.com
Intel Corp. Stock
€38.04
-4.650%
With 20 Buy predictions and 19 Sell predictions the community is currently undecided on Intel Corp..
However, we have a potential of -23.76% for Intel Corp. as the target price of 29 € is below the current price of 38.04 €.
