Intel Stock Moves Higher on Billion-Dollar Federal Grant
INTCIntel(INTC) Schaeffers Investment Research·2024-09-16 22:41

Intel Corp (NASDAQ:INTC) stock was last seen up 3.8% at 20.40,afterBloombergreportedthechipnamequalifiedfor20.40, after Bloomberg reported the chip name qualified for 3.5 billion in federal grants to produce chips for the Pentagon. Specifically, Intel will develop advanced chips for U.S. military and intelligence uses. Today's pop has Intel stock further removing itself from its recent Sept. 10, 14-year low of $18.51. The shares have yet to recover from their massive 26.2% post-earnings bear gap in early August, and are down 59.3% since the start of the y ...