Intel Surges 10.8% Following Trump's Support and Positive AI Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10h ago
0mins
Source: Fool
- Intel Stock Surge: Intel's stock jumped 10.8% following President Trump's positive remarks about CEO Lip-Bu Tan, which not only reflects market optimism about the semiconductor industry's outlook but also may bolster investor confidence in the company.
- Strong Market Performance: The S&P 500 rose 0.65% to 6,966.28, indicating investor confidence in a soft landing for the economy, further solidifying expectations that the Fed will keep rates steady this month.
- Employment Data Impact: Although job additions fell short of expectations, a slight dip in unemployment strengthened market expectations for Fed policy, with CME Group FedWatch now placing the likelihood of a January rate cut at just 5%.
- Bank Earnings Focus: Investors will closely watch major banks' Q4 earnings next week, particularly JPMorgan Chase's results, which will provide crucial insights into consumer sentiment.
Analyst Views on INTC
Wall Street analysts forecast INTC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for INTC is 35.61 USD with a low forecast of 20.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
34 Analyst Rating
3 Buy
25 Hold
6 Sell
Hold
Current: 41.110
Low
20.00
Averages
35.61
High
52.00
Current: 41.110
Low
20.00
Averages
35.61
High
52.00
About INTC
Intel Corporation is a global designer and manufacturer of semiconductor products. The Company operates through three segments: Intel Products, Intel Foundry, and All Other. Its Intel Products segment includes Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX). The CCG is bringing together the operating system, system architecture, hardware, and software application integration to enable PC experiences. DCAI delivers workload-optimized solutions to cloud service providers and enterprises, along with silicon devices for communications service providers, network and edge, and HPC customers. NEX helps networks and edge compute systems from fixed-function hardware to general-purpose compute, acceleration, and networking devices running cloud native software on programmable hardware. The Intel Foundry segment comprises technology development, manufacturing and foundry services. All Other segments include Altera, Mobileye, Other.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
