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Shares of Intel (NASDAQ: INTC) climbed out of the gate on Monday, rising as much as 8.6%. As of 11:20 a.m. ET, the stock was still up 8.3%.
The catalyst that drove the semiconductor company higher was a report that it may be raising prices, along with a corresponding upgrade from a Wall Street analyst.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
A media report emerged early Tuesday that Intel may be planning another round of price increases as the company works to improve its gross margin rather than taking market share. Intel is expected to increase the price of its CPUs by another 10% later this year, according to a report that first appeared in DigiTimes.