Intel's stock price rose by 8% on Monday. The company stated that it will start raising the price of the PC processors by about 10% from the beginning of October. The market interprets this move as Intel preferring to maintain its profit margins rather than continuing to compete for shipments by cutting prices.
Capacity and ratings provide support
Intel's upward trend was also driven by two pieces of news. First, the company announced that it had processed 1 million wafers using the new generation of High devices. Second, Northland raised Intel's rating to “Outperform”.
Financing is still in progress.
Intel is currently also advancing a new share financing of $20 billion, with an issue price of $95 per share. The funds raised will be used for the expansion of its AI chip and foundry business. Influenced by multiple factors, Intel's stock price has risen by more than 160% this year.
