Market Watch: Intel's stock price rises by 50% in mobile

On May 28th, according to foreign media reports, according to a report published on the May 28th edition of the US financial newspaper "Barron Weekly", as Intel entered the smartphone and other wireless mobile device markets, chip maker Intel shares It will grow by 50% in the next two years.

The report said that growth in cloud computing, storage and transmission of remote data will also push up Intel ’s stock price, as some major storage providers use Intel processors in their servers.

Intel's low-power chips will gain greater market share in India, China, France, the United Kingdom and the United States in the coming months.

The report quoted Todd Lowenstein, portfolio director of HighMark Capital Management. Intel will soon become a terrible competitor in the smartphone and tablet market. Intel stock prices have not yet reflected this factor.

Lowenstein expects that Intel ’s stock price target for 24 months will be $ 38 to $ 40. The closing price of Intel stock on the Nasdaq market on Friday was $ 25.74.

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