Why Canadian stocks could be in a sweet spot as markets churn higher

This week, Nvidia Corp. announced it would purchase US$5-billion worth of Intel Corp. stock. Photo by David Paul Morris/Bloomberg

Rate cuts from the Federal Reserve and Bank of Canada helped keep markets moving higher this week, with an iconic chipmaker and Elon Musk’s Tesla Inc. among the names that made the headlines. The Financial Post explores those stories and more in The Week in Stocks.

Stock of the Week: Intel Corp.

Shares of Intel Corp. (Nasdaq:INTC) surged as much as 30 per cent this week, with most of the gains coming on Thursday after Nvidia Corp. announced it would purchase US$5-billion worth of the beleaguered computer components producer and chipmaker’s shares. Nvidia also said it would jointly develop a data centre and other projects with Intel. The move comes weeks aft