Intel Shares Jump as Chip Sector Recovers and Analyst Ups Target
Intel stock climbed 5.5% in morning trade to $116.26 as the semiconductor industry rebounded from a severe two-day selloff. The move was driven by a report that China will permit its top AI firms to buy a limited number of Nvidia H200 chips, plus a major price-target increase from an HSBC analyst that factored in stronger server CPU shipments and v…