Intel Climbs 3% on Chip Price Hike Report a Day After Piper Sandler Went Neutral; AMD Rises 2%, Taiwan Semiconductor Drifts
Intel shares rose about 3% in early Friday trading after a report said the chipmaker is preparing to raise prices on selected personal computer processors. The move follows a day after Piper Sandler went neutral on the stock.
Why it matters — Price increases on PC processors could affect Intel's revenue and margins, making the reported move relevant to investors watching the company.