Why Intel Stock Popped on Friday

Intel has a software business now -- but its stock still costs too much.Intel (INTC 4.19%) stock gained 2.5% through 10 a.m. ET Friday on positive comments about the computer hardware titan's progress building a computer software business.As Reuters reports, Intel chief technology officer Greg Lavender painted a positive picture of Intel's software prospects, saying the company is on course for $1 billion in software sales through 2027.Reading between the lines at IntelReuters described the figure as "cumul ...