Why Is Intel Stock Soaring Today ?
Shares of Intel (NASDAQ: INTC) are jumping on Thursday, up 3.5% as of 2:13 p.m. ET. The jump comes as the S 500 (SNPINDEX: ^GSPC) was flat and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.4%.
The chipmaker's stock is still gaining after yesterday's report that Intel is in talks with Advanced Micro Devices (AMD) to add the fellow chipmaker as a customer. Semafor reported, "According to people familiar with the matter," Intel could soon manufacture semiconductors for its sometime rival, though the talks are "early."
Source Fool.com
Intel Corp. Stock
€38.67
0.510%
Based on 20 Buy predictions and 19 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 38.67 € for Intel Corp., so the potential is actually -25.01%.
