Intel stock jumps 4% as BofA backs foundry strategy despite dilution

Invezz 2h ago

Intel stock jumps 4% as BofA backs foundry strategy despite dilution

Intel stock INTC surged 4% on Wednesday after its recent $20 billion stock offering. While Bank of America said the stock offering may dilute earnings in the near term, the analyst sees the move as growing confidence in the chipmarker's lon…