US Stock Movement | Stock price spikes then falls back! Intel (INTC.US) gains narrow to 4% as SK Hynix clarifies cooperation rumors.

Zhito Finance APP has learned that on Wednesday, Intel (INTC.US) rose more than 7% at one point during intraday trading, and as of press time, its gain narrowed to 4%, at $101.28. On the news front, according to reports, three people familiar with the matter revealed that SK Hynix is in talks with Intel over cooperation and plans to produce memory chips in the United States for the first time. The negotiations are focused on Intel's chip manufacturing plant in Ohio.