Shares in chip maker Intel (NASDAQ:INTC) were hammered throughout 2022, with INTC stock staying on a downward trajectory during the first two months of this year.
This was due to two factors. First, the company’s poor financial performance. Second, related to some extent to the first factor, was rising concerns about softening semiconductor demand due to the tech sector’s slowdown.
Flash forward to now, and sentiment for INTC has improved. As a result, the stock, after hitting multi-year lows during February, has bounced back from the mid-$20s to the low-$30s per share.
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