Why Intel Stock Climbed 12% in December

Shares of Intel (INTC -1.64%) were moving higher in December as the chipmaker best known for supplying PCs announced a new line of artificial intelligence (AI) chips at its AI Everywhere event. The company also received a multibillion-dollar grant from Israel to open a new plant and benefited from other tailwinds, including U.S. policy supporting chip manufacturing at home.As a result, the stock finished the month up 12%, according to data from S&P Global Market Intelligence. As you can see from the chart, ...