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?
Image source: Getty Images.
Source Fool.com
Intel Corp. Stock
€39.22
-3.840%
Based on 22 Buy predictions and 21 Sell predictions the sentiment towards Intel Corp. is rather balanced.
On the other hand, the target price of 25 € is below the current price of 39.22 € for Intel Corp., so the potential is actually -36.26%.
