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2 Reasons Why Intel Stock Soared on Wednesday

Investors got some well-earned positive comments.

By Neil Rozenbaum – Jun 1, 2023 at 10:00AM EST

In this video, I will talk about why Intel (INTC +4.36%) soared close to 5% on Wednesday and what investors could expect next, especially after some positive comments from Nvidia CEO Jensen Huang. 

*Stock prices used were from the trading day of May 31, 2023. The video was published on May 31, 2023.

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Neil Rozenbaum has positions in Intel. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel and long January 2025 $45 calls on Intel. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Intel Stock Quote
Intel
NASDAQ: INTC
$112.86
(+4.36%)+$4.71
Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$208.15
(+5.93%)+$11.65

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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