Why Intel Stock Popped Today
Intel (NASDAQ: INTC) stock soared 10.8% through 11:30 a.m. ET Wednesday after DigiTimes Asia, in an "exclusive" report, broke a story that Nvidia (NASDAQ: NVDA) and (NASDAQ: AAPL) are planning to shift at least some of their contract semiconductor manufacturing work away from Taiwan Semiconductor Manufacturing Company (NYSE: TSM) and use Intel foundries instead.
Intel shareholders seem to think this is huge news. Are they right?
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Source Fool.com
Intel Corp. Stock
€37.44
-1.400%
Currently there is a rather positive sentiment for Intel Corp. with 24 Buy predictions and 19 Sell predictions.
However, we have a potential of -22.54% for Intel Corp. as the target price of 29 € is below the current price of 37.44 €.
