Why Intel Stock Rallied Monday Morning

Shares of Intel (INTC 3.86%) climbed right from the start on Monday, rising as much as 3.7%. As of 12:41 p.m. ET, the stock was still up 3.5%.The catalyst that drove the semiconductor company higher were comments by a Wall Street analyst about the state of the chip industry.A potential opportunityNews emerged late last week that Nvidia was creating a business segment to design customized processors for cloud computing and artificial intelligence (AI), as first reported by Reuters. This comes in the wake of ...