Why Intel Stock Surged Today
(NASDAQ: INTC) stock popped in Monday's trading. The semiconductor company's share price ended the session up 6.2%, according to data from S&P Global Market Intelligence.
Intel stock jumped today thanks to bullish coverage from an analyst. The chip giant's share price also got a boost due to excitement surrounding upcoming processors that could strengthen the company's position in the artificial intelligence (AI) space and gaming hardware market.
Intel stock got a boost Monday thanks to bullish coverage from Melius Research analyst Ben Reitzes. On the heels of explosive valuation gains for Nvidia and other AI leaders, Reitzes went looking for top artificial intelligence plays in the second half of this year. And he thinks that Intel has what it takes to deliver wins.
Source Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 25 Buy predictions and 12 Sell predictions.
As a result the target price of 37 € shows a positive potential of 22.27% compared to the current price of 30.26 € for Intel Corp..
