🟢 Intel is trading 3.5% up today on chip-sector rebound and RBC revenue beat forecast

Intel is trading 3.5% up at $20.28 as semiconductor stocks rebound sharply from last week’s selloff and RBC Capital Markets forecasts a likely Q2 revenue beat.

• RBC Capital Markets issued an analyst note highlighting a potential revenue beat, driving renewed buying interest ahead of the July 23 earnings report.
• Sentiment is bolstered by sector-wide gains across chip names as investors reposition following recent market volatility.