Why Intel Stock Popped Today
AI used to mean GPUs. Today, it means CPUs as well.
Overview
Intel (NASDAQ: INTC) stock jumped 4.6% through 12:30 p.m. ET Thursday. For this, you can thank the friendly bankers at Bank of America.
In a note out this morning discussing the state of the semiconductor market, BofA analyst Vivek Arya revised his forecast for growth in server CPU sales. Intel's primary product is CPUs -- and that's why the stock is up today.
Image source: Intel.
Details
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.