Intel (INTC +4.4%) is joining in on today's big chip stock rally (SOXX +4.7%) in spite of a...

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC +4.4%) is joining in on today's big chip stock rally (SOXX +4.7%) in spite of a downbeat note from Canaccord's Bobby Burleson (Hold), whose checks indicate elevated PC CPU inventories among "tier-2" customers. Other analysts have warned about the potential for hard drive shortages to cause an inventory overhang for the chip giant (I, II, III).