Why Nvidia Stock Popped Today
Nvidia (NASDAQ: NVDA) stock jumped 4.9% through noon ET Friday. Strange as it sounds, this was all because of (NASDAQ: INTC)!
Intel blew past analyst forecasts for $0.01 in pro forma earnings last night, reporting $0.29 per share instead. Sales of $13.6 billion likewise beat expectations for $12.4 billion.
But why would semiconductor investors think this is good news for Nvidia?
Source Fool.com
Intel Corp. Stock
€80.25
1.530%
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 80.25 € for Intel Corp., so the potential is actually -7.79%.
