Intels rise; chipmaker cuts 500 workers
ReutersJul 8, 2025 5:36 PM
Intel Corp INTC.O rise ~7% to $23.48 on Tues as chipmaker plans job cuts in Oregon
Co is cutting more than 500 jobs in Oregon as part of a plan to slash 20% of its workforce, Bloomberg reported
INTC on track for highest close since early April
Among 45 analysts who cover INTC, avg rating is "HOLD" and median PT is $21, per LSEG data
INTC is up 17% YTD vs NASDAQ Composite Index's .IXIC 5.8% increase
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