Intel stock price rebounds after Thursday slide as CPI cools — what investors watch next (INTC)
Intel shares rose about 2% to $47.48 in late morning New York trade Friday, rebounding after a 3.75% drop the previous session. Softer U.S. inflation data and a strong outlook from Applied Materials steadied chip stocks. Intel disclosed five patched security vulnerabilities in its Xeon data-center chips. Investors remain focused on supply constraints ahead of Intel’s April 23 earnings report.