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
€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%.
