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
€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%.
