Why Intel Stock Popped Today
There's no end to the excitement for Intel (NASDAQ: INTC), it seems. After shares surged earlier this week on a partnership with Amazon and a $3 billion contract with the Defense Department, they jumped again late Friday on reports that Qualcomm (NASDAQ: QCOM) had approached its rival about a possible takeover, showing the struggling semiconductor company could be in play.
Intel stock closed up 3.3% on the news, after jumping as much as 9.5% when the story first broke. Qualcomm closed down 2.9% after sinking 6% earlier, showing Qualcomm investors didn't like the idea of a tie-up between the two chip giants.
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Source Fool.com
Qualcomm Inc. Stock
€127.90
0.530%
The stock is one of the favorites of our community with 27 Buy predictions and 2 Sell predictions.
With a target price of 173 € there is a positive potential of 35.26% for Qualcomm Inc. compared to the current price of 127.9 €.
