Intel Is Up 176% This Year. Is It Time to Take Profits on INTC, AMD, Broadcom, and NVIDIA?
Shares of Intel (NASDAQ:INTC) are climbing 5% to $102 in midday trading Wednesday, extending a run that has Intel stock up 176% year to date (YTD). The catalyst is a fresh $20 billion equity raise, upsized from an initial $15 billion goal after being oversubscribed five times.