The rise comes after analysts at Piper Jaffray upgraded the digital technology platform manufacturer to "overweight" from "equalweight" in a note published yesterday.
The firm cited a stabilizing PC market as one of the main reasons for the upgrade.
"Recent industry data points suggest that 1Q notebook shipments are tracking roughly in line with expectations while commentary on direct server trends have been positive. We expect the trend of improving rate of year-over-year declines to continue in 2014," Piper Jaffray analyst Ruben Roy said in the note.
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TheStreet Ratings team rates INTEL CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate INTEL CORP (INTC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."