Why Intel Stock Was Moving Up Today

Shares of Intel (NASDAQ: INTC) were climbing Thursday, seemingly in response to its "AI Everywhere" event. The chipmaker also seems to have gotten a modest boost from the Federal Reserve's decision to keep interest rates steady yesterday and its dovish forecast for next year.

As of 12:45 p.m. ET, the stock was up 2.5% after climbing as much as 5.6% earlier in the trading session.

Image source: Getty Images.

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Source Fool.com