Stock Market Today: Intel Surges on Nvidia Stake and Chip Partnership

Intel Corp (NASDAQ: INTC) skyrocketed 22.8% today to close at $30.57, driven by a major investment and partnership announcement. Trading volume topped 520 million shares, more than five times its three-month average of about 97 million on the news. The stock also reached its 52-week high of $32.38 intraday.The broader market also advanced. The S&P 500 (SNPINDEX: ^GSPC) rose 0.48% to 6,631.96, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.94% to 22,470.72.Among peers, NVIDIA Corp (NASDAQ: NVDA) closed at $176.24, up 3.49% on the day and likely lifted by news of its $5 billion stake in Intel. Advanced Micro Devices Inc (NASDAQ: AMD) finished at $157.92, down 0.78%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool