Why Intel Stock Bounced Back Today
Here are three rumors -- and three reasons for Intel stock to be up today.
Why Intel Stock Bounced Back Today
Overview
Intel (NASDAQ: INTC) stock got caught up in an epic sell-off last week as semiconductor chip stocks lost $1 trillion in market capitalization. Intel stock, in particular, lost 13.5% by the close of the week.
Shares of what was once the world's biggest manufacturer of semiconductor chips bounced back with a vengeance this morning, however, and are up 11.5% as of 10:40 a.m. You can thank Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) for that.
Image source: Intel.
Details
Source
Originally published at www.fool.com.
Related Articles
- 51% of U.S. adults say the American Dream is out of reach for most people right now: CNBC survey
- A massive 16% market swing just rocked South Korea over 24 hours. The retail ‘ants’ holding the wheel are driving dangerously.
- I’m 60, retired with $3 million. My fiancée, 55, has $1 million but plans to work for the next 10 years. Are we compatible?
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
