Stacy Rasgon, Bernstein managing director, joins 'The Exchange' to discuss Intel and what's behind the stocks big week.
Intel (INTC) had a huge week on Wall Street after the Trump administration said it plans to bolster the American A.I. trade with American-made chips.
It's possible that the Trump administration could make some changes to the U.S. Chips Act.
Shares of Intel (INTC -3.88%) were on the move this week, on a number of different news items as investors seemed to spy opportunity in the beaten-down legacy chipmaker.
Following bullish commentary from VP J.D. Vance, Intel (INTC) shares have surged this week.
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) stands to lose rather significantly as the Trump administration makes good on its commitment to onshoring manufacturing of the world's most advanced AI chips.
Intel Corporation's NASDAQ: INTC stock price has jumped in recent trading sessions, accompanied by an increase in trading volume. The stock, currently trading around $24.62, has climbed by almost 10% in a single day and an impressive 27% over the past week.
Patrick Moorhead, Moor Insights CEO, joins 'Fast Money' to talk Intel's run higher.
Intel Corp (NASDAQ:INTC, ETR:INL) shares continued to move higher during Thursday's trading session following an analyst report that discussed a potential factory partnership between the company and chipmaker Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) (TSMC). Shares of Intel added 8.5% at about $24, having gained more than 25% in the last five days.
Shares of Intel (INTC 9.05%) were up by 8.4% as of 1:45 p.m. ET Thursday after having gained as much as 10.5% earlier in the session.
The continued momentum for Intel's stock could force hedge funds to start buying. Plus, Intel's process technology is getting more respect.
In this video, I will talk about recent updates regarding Intel (INTC 9.34%). Watch the short video to learn more, consider subscribing, and click the special offer link below.