Why Is Intel Stock Jumping Today?
Shares of Intel (NASDAQ: INTC) are moving higher on Friday, up 5.5% as of 12:50 p.m. ET. The jump comes as the S 500 (SNPINDEX: ^GSPC) was up 0.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was flat.
The chipmaker's stock is gaining after The Wall Street Journal reported that President Trump is considering a tariff on semiconductor companies that rely too heavily on foreign manufacturers.
The reported this morning that President Trump is considering a tariff on chipmakers that manufacture more chips overseas than in the U.S. If companies don't maintain at least a 1-to-1 ratio of chips fabricated domestically to internationally, they could soon face a stiff tariff.
Source Fool.com
Intel Corp. Stock
€31.80
0.190%
Our community is currently low on Intel Corp. with 14 Buy predictions and 19 Sell predictions.
A potential of -27.67%, resulting from comparing the current price of 31.8 € with the target price of 23 € for Intel Corp., shows the chance of incurring significant losses.
