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Intel hits a record high after Trump shuts down the Qualcomm-Broadcom merger that would have created a super competitor
President Trump on Monday blocked chipmaker Broadcom's propsed $117 billioin buyout of Qualcomm citing national security.
The stock's previous high, adjusted for splits and dividends, was $50.37, set at the closing bell on August 31, 2000
Shares of Intel rose on Friday despite reports that the US government was not alerted earlier to chip flaws that could have impacted national security.
It was the company's first earnings report since the Spectre and Meltdown flaws were reported.
Analysts will be watching for more clarity from the company about how it is dealing with the Spectre and Meltdown security flaws.
Young investors are unfazed by recent security flaws.
As the company prepares to report earnings, one analyst thinks Intel will be fine in the near term.
Intel and AMD are sliding after Microsoft says significant slowdowns can occur after Meltdown and Spectre updates
Flaws in how modern CPUs operate have sent computer makers scrambling to issue fixes.
Shares of Intel are rising on Friday after the company said it will release a fix for the "Spectre" flaw in its CPUs.
Flaws in the central processing units of many manufacturers rocked the computing world on Wednesday.