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Jim Cramer Shares Important Advice About Intel (INTC) Stock [Yahoo! Finance]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Chip giant Intel Corporation (NASDAQ:INTC)'s shares have performed well recently. They are up by 62% over the past year and gained 55% since the end of March. TD Cowen discussed the firm on April 9th as it raised Intel Corporation (NASDAQ:INTC)'s share price target to $60 from $50 and kept a Hold rating on the shares. The financial firm pointed out that the company could benefit from tailwinds in the coming months as it benefits from its ability to manufacture server CPUs. TD Cowen added that a key factor in Intel Corporation (NASDAQ:INTC)'s ability to benefit depends on the firm being able to manufacture chips with the latest process technologies. The firm also saw significant momentum recently in its shares after it announced a deal with SpaceX for the latter's Terafab project. Cramer, who has previously extensively praised Intel Corporation (NASDAQ:INTC)'s CEO Lip-Bu Tan, kept his optimism in this appearance as well: “First Wells Fargo talks about a preview of the server CPU ups
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