Why Intel Stock Popped on Monday
Portfolio Pulse from
Intel's stock rose by 4.1% after reports that the U.S. Commerce Department is close to awarding the company an $8 billion subsidy to expand its semiconductor operations.
November 25, 2024 | 4:00 pm
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Intel's stock increased by 4.1% following news that the U.S. Commerce Department is nearing a decision to grant the company an $8 billion subsidy for semiconductor expansion.
The potential $8 billion subsidy is a significant financial boost for Intel, likely to enhance its semiconductor operations. This news has positively impacted investor sentiment, as reflected in the 4.1% stock price increase.
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