What's Going On With Intel (INTC) Stock?
Portfolio Pulse from Henry Khederian
Intel Corporation (NASDAQ:INTC) shares have seen a 5.5% increase over the past five trading sessions, reaching $35.56. The rise is attributed to better-than-expected Q4 results and strong guidance. Intel's Mobileye business unit reported $530 million in Q4 revenue, up 18% YoY. The strong guidance and performance of Mobileye are positive signals to investors, indicating potential for higher revenues and earnings in the future.
October 30, 2023 | 6:02 pm
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Intel's stock has risen due to strong Q4 results and guidance. The performance of its Mobileye unit also indicates potential for future growth.
Intel's better-than-expected Q4 results and strong guidance have positively impacted its stock price. The strong performance of its Mobileye unit, which reported an 18% YoY revenue increase, also indicates potential for future growth, attracting more investors to the stock.
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