Why Intel Stock Popped on Monday
Intel(INTC) The Motley Fool·2024-11-25 15:50
Even massive help from the government can't make Intel stock a buy.Intel (INTC 3.58%) stock gained 4.1% through 9:45 a.m. ET Monday morning after CNBC reported this morning that the U.S. Commerce Department is close to awarding Intel an $8 billion subsidy to assist with expanding its semiconductor chip operations.The Wall Street Journal had previously reported (last week) that this grant was on the way.Good news, bad newsOne quirk to this story is that last week, WSJ indicated Intel was in line for an $8.5 ...