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Why Intel Shares Rallied Today on a Bad Day for Other Chip Stocks
IntelIntel(US:INTC) The Motley Foolยท2024-07-17 18:00

Comments by former President Trump raised questions over deterring a Chinese invasion of Taiwan sent most chipmakers down, except for Intel.Shares of Intel (INTC 1.79%) rallied as much as 8.2% today, before settling back into a 2.4% gain as of 12:40 p.m. ET.While that gain in and of itself wasn't especially notable in isolation, it was quite notable in light of the big declines across most of the rest of the semiconductor sector. For instance, the VanEck Semiconductor ETF (SMH -6.22%) was down around 5% at ...