Intel Stock Surges as Mac Support Fades: What You Need to Know (NASDAQ: INTC) – TipRanks.com

Intel has recently been in the spotlight, especially with the latest news about its processors in Apple computers. The buzz is that the newest MacOS update, Tahoe, will be the final version supporting Intel chips. This might sound like bad news, but it didn’t stop Intel’s stock from jumping over 8% on Tuesday.

For those who own older MacBook Pros, iMacs, and Mac Pros using Intel, there’s still some good news. They will receive updates with Tahoe, but they’ll miss out on Apple’s high-tech features that require its own processors.

Apple has been transitioning away from Intel for five years now, and while some expected the end of support, they also promised to stick with Intel for "years to come." It looks like they’ve kept that promise, but now it’s time for changes.

What else influenced Intel’s stock surge? There’s been a positive shift in the chip sector thanks to talks between the U.S. and China, which might ease export restrictions. This progressive dialogue had a ripple effect on stocks, giving Intel a considerable boost.

Also, Intel is set to gain from new cybersecurity guidelines from the Department of Defense. These guidelines will help protect critical military systems, showing that Intel is still a player in the defense sector.

Looking at Wall Street, the general consensus on Intel stock is a "Hold" with one Buy, 26 Holds, and four Sells. Over the past year, Intel’s shares have dropped 33.76%, with a price target of $21.29 suggesting a 3.88% downside risk from current levels.

Overall, while Intel faces challenges, it’s not out of the game yet. Investors are keeping a close watch as the company navigates these changes while maintaining its role in the market.

For more insights into Intel’s stock ratings, you can check TipRanks for analyst opinions and updates.

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