"Intel ( NASDAQ:INTC ) shares climbed more than 3% yesterday even as broader markets plunged after Japan had a weaker than expected 20-year bond market sale. The Dow Jones Industrial Average dropped almost 900 points, marking its worst day since October. Combined with President Trump's threats of tariffs on eight European countries opposing U.S. attempts to acquire Greenland, it was a prescription for market turmoil."
"Amid the global market turmoil, Intel shares bucked the trend to close at their highest level in two years. The momentum carried over to today, with Intel stock soaring 11% in morning trading, pushing it over $53 per share - its first time above that mark since 2021. This performance is notable in that the Dow is also rebounding today, rising more than 500 points and clawing back some of the $1.1 trillion in S&P 500 market capitalization that was erased during the market's plunge."
Global markets plunged after a weaker-than-expected 20-year Japanese bond sale and geopolitical tensions tied to U.S. tariff threats, driving a sharp Dow decline. Intel shares rose over 3% amid that selloff and closed at their highest level in two years, then surged 11% in morning trading to exceed $53 per share as markets recovered. The rally followed a wave of analyst upgrades ahead of Intel's fourth-quarter earnings. HSBC, KeyCorp and Melius Research raised ratings and price targets. Wall Street optimism centers on Intel's progress in AI-driven segments and foundry operations, boosting confidence despite a challenging year.
Read at 24/7 Wall St.
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