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The stock closed nearly 7% higher Tuesday after Japan’s SoftBank (JP:9984) agreed to invest $2 billion in
Intel's new CEO, SoftBank's $2B investment, and CHIPS Act support position Intel for growth. Read why INTC stock is a strong long-term buy.
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Cryptopolitan on MSNSoftBank’s $47B rally faces pause as charts signal overheated stock
SoftBank recently revealed plans to acquire a $2 billion (£1.5 billion) stake in Intel, driving the chipmaker’s shares up. However, Softbank’s stock dipped 5% on the same day. On the other hand, Intel’s stock rose by over 5% after-hours trading in New York on Monday.
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StockStory.org on MSNWhy Intel (INTC) Stock Is Trading Up Today
What Happened? Shares of computer processor maker Intel (NASDAQ:INTC) jumped 12.2% in the morning session after Japanese tech conglomerate SoftBank Group announced a $2 billion investment in the company.
Intel (INTC) surges on speculation of US investment, but weak fundamentals, lagging foundries, and CPU market share losses point to a 'Strong Sell' rating. See more.
Intel Corp (NASDAQ:INTC) shares are trading higher Tuesday after it was announced that Softbank will invest $2 billion in the company.