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Why Intel Stock Drifted Higher Today
['Eric Volkman']
The Motley Fool
Tuesday wasn't one of the more memorable days on the stock exchange for U.S. chip titan Intel (INTC 1.98%).
There was little fresh news affecting the company directly, still it managed to drift 2% higher in price across the trading session.
Lingering positive sentiment related to the recently announced Nvidia buy-in, in addition to recent analyst moves, played a role in this.
Mind you, the analyst didn't exactly join the bull stampede on Intel; still any upgrade is reason for renewed optimism.
Speaking of Nvidia, Engel wrote that the company and fellow state-of-the-art chip manufacturer Broadcom are currently testing Intel's production platform, which bodes well for its future.
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