Intel shares jump about 10% amid AI spending confidence
Intel (INTC) shares rose about 10% on Monday as investors returned to semiconductors, citing renewed confidence in artificial intelligence spending and improving market sentiment. The move coincided with crude oil prices and U.S. Treasury yields moving lower.
Intel (INTC) shares jumped about 10% on Monday as investors returned to semiconductor stocks amid renewed confidence in artificial intelligence spending and improving market sentiment. S. Treasury yields moved lower, easing pressure on growth-oriented technology shares.