business / news / / The Economic Times
Intel stock has surged 51% in just eight sessions, adding more than $100 billion in market value and marking its strongest run for any similar stretch on record.
Intel bought back half of its Ireland plant from Apollo Global Management for $14.2 billion.
KEY POINTS
- Intel will join Tesla’s Terafab project to develop chips for Tesla, SpaceX, and xAI.
- Google has committed to using future generations of Intel’s Xeon processors in its data centers.
- Intel stock is trading at over 90 times estimated earnings for the next 12 months, a record high.
- Despite recent gains, only 10 of 52 analysts tracked by Bloomberg have buy ratings on Intel.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →