Intel Likely to Get $20B Boost: What it Means for INTC
Despite what has been a horrid year for the technology stock, Intel (INTC) is likely to get a $20 billion boost, according to some experts. Indeed, there has been ongoing concern regarding the company’s CHIPS Act status. However, analysts have shown optimism that they could be set to receive the benefits of the legislation. The United States CHIPS and Science Act is a federal statute that sought to boost the domestic production of semiconductors. Moreover, Intel was poised to be the beneficiary, leading it to invest $30 billion. However, lack of progress on the bill has hindered the stock, with many expecting that to change at the turn of the year. Source: CNN Also Read: Nvidia (NVDA) Officially Joins Dow Jones, Dethroning Intel Intel May Get CHIPS Boost as Stock Looks to Recover From 2024 Tumble Throughout 2024, Intel (INTC) has certainly struggled. The company was left unprepared by the incoming AI boom and has lost considerable ground to surging Nvidia (NVDA). Not only has the ...