Why Intel Shares Are Rising Thursday

Intel Corporation INTC shares are trading higher by 6.28% to $30.20 Thursday afternoon after Susquehanna upgraded the stock from Negative to Neutral.

Read More: Susquehanna Calls The Bottom On Semiconductor Stocks, Upgrades 3 Key Players

Additionally, shares of several companies in the broader tech sector are trading higher amid overall market strength following Credit Suisse's announcement of a loan from the Swiss National Bank and reports of banks discussing a capital infusion into First Republic.

Recent instability concerns in the financial and banking sector have weighed on the overall market, putting future Fed policy into question.

So What's Going On With First Republic?

First Republic Bank may get a substantial capital injection or perhaps a full acquisition from a consortium of large financial institutions.

The agreement could be reached as early as Thursday, according to the Wall Street Journal, which cited people familiar with the matter. 

The deposit influx in First Republic Bank from the group of large banks is reportedly worth around $20 billion...Read More

According to data from Benzinga Pro, INTC has a 52-week high of $54.08 and a 52-week low of $24.59.