Intel Corp. (INTC) Leads Chip Sector
On the strength of an upgrade from Bank of America (NYSE: BAC), chipmaker Intel (NASDAQ: INTC) led a Nasdaq rally up 29.58 points to a Thursday close of 2,351.70. The BAC note on the chip sector was bullish, and specifically raised Intel from a neutral to a buy, which may have been the signal investors were looking for. Intel was up 0.66 to close at 22.08 today, but the promise of a turn in the semiconductor part of the tech cycle was really seen as the underlying good news by the market. Technology stocks, along with the woeful homebuilders, the…