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Intel’s stock scores its hottest quarterly winning streak since 2010

Clyde Edgerton by Clyde Edgerton
September 29, 2023
in Markets
Intel’s stock scores its hottest quarterly winning streak since 2010
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Intel Corp.
INTC,
+1.05%
shares rose for a fourth consecutive quarter Friday, giving the chip maker its longest quarterly winning streak in 13-and-a-half years. Intel shares rose 1.1% Friday to close at $35.55, for the stock’s fourth straight quarter of gains, its longest quarterly winning streak since the five-quarter streak ending with the first quarter of 2010, according to Dow Jones Market Data. Over the past 12 months, Intel shares have gained 34.8%, while the PHLX Semiconductor Index
SOX,
+0.39%
has advanced 46.3%, the S&P 500 index
SPX,
-0.27%
has gained 17.8%, and the tech-heavy Nasdaq Composite
COMP,
+0.14%
has risen 23.1%.



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