Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Nancy Pelosi Buys Intel. What Comes Next and If You Should Buy INTC Stock Too.

Nancy Pelosi Buys Intel. What Comes Next and If You Should Buy INTC Stock Too.

Rep. Nancy Pelosi recently made a stock purchase in Intel Corporation (INTC), buying 10,000 shares valued between $500,000 and $1 million. Additionally, the congresswoman acquired 50 call options with a strike price of $50, expiring on June 17, 2027. This move comes after Intel reported strong second-quarter 2026 earnings, with revenue up 25% year-over-year and gross margins reaching 40.4%.

Analysts have rated INTC stock as a "Hold" with a potential upside of about 24% from current levels. Investors may consider Intel's recent product launches, such as the Xeon 6+ data center CPU, which boasts improved performance and power efficiency compared to previous generations. The company has also entered into a deal with the U.S. Department of Commerce, receiving $5.7 billion in potential funding for its foundry business.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at finance.yahoo.com →

More in Finance & Markets

DoE Begins Tests for Fracked Geothermal

The Trump administration is no friend of wind and solar. Axed subsidies and project suspensions have been the attitude towards those alternative forms of energy. Geothermal, however, is something else. The current Department of Energy is very much for it.

More from Thursday 27 August →