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Why Intel Stock Just Popped
Key takeaways
- INTC AMD NVDA Intel (NASDAQ: INTC) stock jumped 4.2% through 11 a.m.
- Rakers didn't specifically mention Intel in the note, but what he did say seems to be getting investors more excited about the stock he didn't mention than the one he did.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
INTC AMD NVDA Intel (NASDAQ: INTC) stock jumped 4.2% through 11 a.m. ET on Tuesday after Wells Fargo analyst Aaron Rakers raised his price target on rival Advanced Micro Devices (NASDAQ: AMD) stock to $615 per share this morning.
Rakers didn't specifically mention Intel in the note, but what he did say seems to be getting investors more excited about the stock he didn't mention than the one he did. (AMD shares are up only 3.6%.)
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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