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Intel Stock Price Jumps 8% On PC Chip Price Hike Plans

Published by
Anjali Belgaumkar

Intel shares climbed 8% after the company said it would raise PC processor prices by about 10% starting in early October, choosing to protect margins rather than chase market share on volume. The rally got extra support from two other developments. Intel hit a milestone of 1 million wafers processed using ASML’s next-generation High-NA EUV machines, and analyst firm Northland bumped the stock up to an “Outperform” rating. Intel is also in the middle of raising $20 billion in fresh equity at $95 a share to help pay for its AI chip and foundry expansion plans. The stock has now more than doubled and a half this year, up over 160%, making it one of Wall Street’s standout comeback stories.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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