Intel stock jumps nearly 5% as China server CPU squeeze hits — what to watch next week
Intel shares closed up 4.87% at $50.59 Friday after reports of tight server-CPU supply and higher prices in China. Sources said Intel warned Chinese customers of delivery delays up to six months and price hikes over 10%. Trading volume reached 115.6 million shares. Investors are watching for follow-up on supply issues and key U.S. data next week.