Why Intel Stock Is Up After the SpaceX IPO
SpaceX is more of an AI stock than a space stock -- and that's great news for Intel.
Why Intel Stock Is Up After the SpaceX IPO
Overview
Intel (NASDAQ: ASML) stock popped on Monday, dropped on Tuesday, and is up again on Wednesday-- a solid 4.3% gain for the day through 3:30 p.m., but still leaving the semiconductor stock trading below where it was at the start of the week.
And why?
Details
It may surprise you to learn that the same thing that boosted Intel stock Monday is helping it again today: The SpaceX (NASDAQ: SPCX) IPO is going to be good news for Intel stock.
Source
Originally published at www.fool.com.
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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.
