Is Intel Stock Going to $100? 1 Wall Street Analyst Thinks So.
The Motley Fool
MARCH 21, 2024
Intel (NASDAQ: INTC) investors are having a pretty great week so far -- even if Intel stock isn't yet showing it. The Wall Street Journal reported Wednesday that the U.S. Commerce Department awarded Intel $8.5 billion in subsidies to help defray the cost of expanding semiconductor production in Arizona, New Mexico, Ohio, and Oregon. This means fully 16% of the $53 billion in government money authorized by the 2022 "Chips Act" will go to Intel alone.
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