Intel Soars On The Back Of PC Market Recovery
(CTN News) Chip stocks surged on Friday after Intel (INTC.O) raised its forecast, signaling a rebound in the personal computer..........
Source: chiangraitimes.com
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INTEL CORP : Bernstein reaffirms its Neutral rating -October 27, 2023 at 06:59 am EDT
Analyst Stacy Rasgon from Bernstein research gives the stock a Neutral rating. Previously set at USD 34, the target price has been raised to USD 36.
Source: marketscreener.com
chip stocks: Chipmaker Intel soars on signs of PC market recovery
The chipmaker was set to increase its market value by nearly $11 billion. Other chip firms such as Advanced Micro Devices, Nvidia and Arm rose 1.6% to 2.2%.
Source: indiatimes.com
Chipmaker Intel soars on signs of PC market recovery
Intel rose more than 9% on Friday and sparked a jump in chip stocks after its upbeat forecast signaled that the personal computer market was rebounding from its quarters-long slump. Other chip firms such as AMD, Nvidia and Arm rose 1% to 2%. Under CEO Pat Gelsinger, Intel is trying to turn around its business by making heavy infrastructure investments that the firm hopes will give it an edge in chipmaking and allow it to compete with the likes of Taiwan's TSMC for foundry clients.
Source: yahoo.com
Intel's stock powers toward best day in a year. Skeptics still have concerns.
As Intel shares were shooting 10% higher Friday, Wall Street analysts didn't seem convinced that the chip maker has a rosy future ahead.
Source: marketwatch.com