Why Intel Stock Was Soaring This Week
Shares of Intel (NASDAQ: INTC) were on the move this week, on a number of different news items as investors seemed to spy opportunity in the beaten-down legacy chipmaker.While the company has mostly played the role of the aging laggard in the artificial intelligence (AI) boom, this week's developments were a reminder that the stock has a number of assets that are arguably undervalued.According to data from S&P Global Market Intelligence, the stock was up 26% for the week as of Thursday's close.Continue reading
Shares of Intel (NASDAQ: INTC) were on the move this week, on a number of different news items as investors seemed to spy opportunity in the beaten-down legacy chipmaker.
While the company has mostly played the role of the aging laggard in the artificial intelligence (AI) boom, this week's developments were a reminder that the stock has a number of assets that are arguably undervalued.
According to data from S&P Global Market Intelligence, the stock was up 26% for the week as of Thursday's close.
