Intel Shares Rise 4.1% as Semiconductor Sector Rebounds

Price Action

โดย Yahoo Finance·Read original

Summary · why it matters

Intel shares jumped 4.1% in morning trading as the semiconductor sector continued to recover from the previous week's sharp selloff, buoyed by bullish Wall Street updates. Broadcom gained about 4.2% after disclosing multi-year agreements with Apple through 2031 to supply custom ASIC silicon. UBS raised its third-quarter DDR contract-pricing forecast to a 32% quarter-on-quarter increase from 17% and reiterated DRAM undersupply until at least the second quarter of 2028, while Citi added an upside catalyst watch on Micron and BofA reiterated a Buy rating with a $1,550 price target, arguing memory represents roughly 35% to 40% of cloud AI capital expenditure yet memory stocks trade at a sub-par 10 times forward price-to-earnings ratio. Goldman's trading desk flagged an oversold buy-the-dip setup after momentum factors fell 24% from their peak, the largest drawdown since the first quarter of 2023. The sector recovery was reinforced by SK Hynix's roughly $28 billion Nasdaq listing the previous week and Samsung's upcoming earnings, keeping the memory super-cycle story in focus. After the initial pop, Intel shares cooled to $124.36, up 3.4% from the previous close.