Intel Stands Firm as Wall Street Wobbles
Shares of Silicon Valley chip giant Intel closed up nearly 8.5 percent at just under $19 Tuesday on news that an equity analyst at investment bank Piper Jaffray upgraded the stock to a buy rating. The upgrade comes at a time when shares of other chipmakers such as Advanced Micro Devices and Texas Instruments are trading well below their 52-week highs. Intel’s stock is also benefiting from the belief that it’s a relatively safe investment at a time when Wall Street is reeling.
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Intel Stands Firm as Wall Street Wobbles
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