The Ratings Game: Intel stock rallies despite mixed reaction to earnings

Intel Corp. shares went back into rally mode Friday as analysts gave mixed reviews on the chip giant’s strong earnings report and outlook.

Intel INTC, +3.63% shares were last up 2.6% at $45.47, after reaching an intraday high of $46.44, compared with a 1.7% decline in the Dow Jones Industrial Average DJIA, -0.90% a 2.3% drop in the S&P 500 index SPX, -1.45% and a 2.6% fall in the tech-heavy Nasdaq Composite Index COMP, -1.87% and a 2% drop in the PHLX Semiconductor Index SOX, -1.44% . Shares closed up 4.5% on Thursday and surged as much as 6% after hours following the earnings report but slipped into negative territory during a conference call as Intel updated analysts on its delayed 10-nanometer chip rollout.

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