The chipmaker was set to increase its market value by more than $10 billion, if gains hold. Other chip firms such as AMD , Nvidia and Arm rose 1% to 2%.
Chipmaker Intel soars on signs of PC market recovery oann.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oann.com Daily Mail and Mail on Sunday newspapers.
Intel rose more than 9% on Friday and sparked a jump in chip stocks after its upbeat forecast signaled that the personal computer market was rebounding from its quarters-long slump. Other chip firms such as AMD, Nvidia and Arm rose 1% to 2%. Under CEO Pat Gelsinger, Intel is trying to turn around its business by making heavy infrastructure investments that the firm hopes will give it an edge in chipmaking and allow it to compete with the likes of Taiwan's TSMC for foundry clients.
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