Why Broadcom, Micron, and Intel Stock Are Jumping Today
Top semiconductor stocks are climbing again in Thursday's daily trading session. Broadcom (NASDAQ: AVGO), Intel (NASDAQ: INTC), and Micron Technology (NASDAQ: MU) were up 3.6%, 3.7%, and 4%, respectively, as of 3 p.m. ET, according to data from S&P Global Market Intelligence.
Before the market opened today, Mizuho published a note on Nvidia stock and raised its one-year price target from $850 per share to $1,000 per share. The positive analyst coverage had helped send the artificial intelligence (AI) leader's share price roughly 3.5% higher in the daily session as of this writing -- and the bullish news had spillover benefits for other top chip stocks. But Broadcom, Micron, and Intel are also enjoying their own company-specific valuation tailwinds today.
According to a report published by Bloomberg today, Intel is on track to score another big public-sector win. The report states that the U.S. government is poised to invest $3.5 billion in the company to aid the production of chips that will be used for military and intelligence purposes.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 25 Buy predictions and 15 Sell predictions.
With a target price of 38 € there is a hugely positive potential of 90.59% for Intel Corp. compared to the current price of 19.94 €.
