Why Intel Stock Popped Today
There's no end to the excitement for Intel (NASDAQ: INTC), it seems. After shares surged earlier this week on a partnership with Amazon and a $3 billion contract with the Defense Department, they jumped again late Friday on reports that Qualcomm (NASDAQ: QCOM) had approached its rival about a possible takeover, showing the struggling semiconductor company could be in play.
Intel stock closed up 3.3% on the news, after jumping as much as 9.5% when the story first broke. Qualcomm closed down 2.9% after sinking 6% earlier, showing Qualcomm investors didn't like the idea of a tie-up between the two chip giants.
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Source Fool.com
Qualcomm Inc. Stock
€152.40
-1.360%
With 48 Buy predictions and 2 Sell predictions Qualcomm Inc. is one of the favorites of our community.
As a result the target price of 178 € shows a slightly positive potential of 16.8% compared to the current price of 152.4 € for Qualcomm Inc..
