Intel (INTC) Shares Surge 27% Under CEO Lip-Bu Tan's Leadership

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Intel Corporation (INTC) shares have experienced a rise of 27% over the past year and a total increase of 124%. This surge follows the appointment of CEO Lip-Bu Tan. Investment bank Morgan Stanley raised its price target for INTC from $38 to $41 while maintaining an Equal Weight rating. However, they noted that first-quarter guidance could be hindered by supply constraints, potentially affecting customer confidence in the foundry business.