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Intel (INTC) shares soared on Wednesday after a senior analyst at Tigress Financial issued a bullish note in favor of the semiconductor giant that’s been striving to stage a comeback. Investors also cheered INTC today because reports suggest Nvidia (NVDA) is interested in using Intel's foundry services to build its GPUs scheduled for 2028.
Following today’s surge, Intel stock is up more than 23% versus the start of this year.