Intel Corporation is a Intel is one of the world’s largest chipmakers. It designs and manufactures microprocessors for the global personal computer and data center markets.
Among the biggest risers on the S&P 500 on Wednesday January 20 was Intel Corporation ($INTC), popping some 1.17% to a price of $58.67 a share with some 28.22 million shares trading hands.
Starting the day trading at $58.24, Intel Corporation reached an intraday high of $59.22 and hit intraday lows of $58.09. Shares gained $0.68 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 4.1 billion share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $43.62 to $69.30.
Intel is one of the world’s largest chipmakers. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It was the prime proponent of Moore’s law for advances in semiconductor manufacturing, though the firm has recently faced manufacturing delays. While Intel’s server processor business has benefited from the shift to the cloud, the firm has also been expanding into new adjacencies as the personal computer market has declined. These include areas such as the Internet of Things, memory, artificial intelligence, and automotive. Intel has been active on the merger and acquisitions front, acquiring Altera, Mobileye, Movidius, and Habana Labs in order to assist its efforts in non-PC arenas.
Intel Corporation has its corporate headquarters located in Santa Clara, CA and employs 110,800 people. Its market cap has now risen to $240.43 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 3.23, and P/FCF n/a.