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00:02Intel shares rose about 5% in Monday pre-market trading as chip stocks gained alongside the broader market, according
00:10to Benzinga.
00:11NASDAQ futures climbed 0.98%, while S&P 500 futures rose 0.71%, and Dow futures gained 0.92%.
00:21Intel shares have risen about 278% over the past 12 months.
00:26Recent developments include Altera, in which Intel holds a 49% stake, confidentially filing for a U.S. IPO.
00:34SK Hynix is also reportedly in early talks about potentially producing memory chips at Intel facilities.
00:40Intel traded well above its 20-day and 200-day moving averages, while improving MACD momentum suggested buyers were gaining
00:48strength.
00:49Shares were up 4.97% at $114 in pre-market trading, according to Benzinga ProData.
00:57For all things money, visit Benzinga.com.
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