Intel (NASDAQ: INTC) stock is seeing significant gains in Wednesday's trading. The semiconductor company's share price was up 3.5% as of 2:15 p.m. ET and had been up as much as 3.8% earlier in the daily sessions.

INTC shares unexpectedly rallied by 3.90% — signaling that the processor giant’s fortunes could be starting to change.

Intel (NASDAQ: INTC) stock is losing ground in Tuesday's trading. The chip company's share price was down 3.8% as of 11:45 a.m. ET and had been down as much as 4.6% earlier in the day's session. Intel stock is falling today amid concerns that the company ...

Intel (NASDAQ: INTC) stock has been up over 12% recently, and the outcome of the U.S. presidential election could help it gain market share. Read More: Earn up to $845 cash back this year just by changing how you pay at Costco!

Intel's removal from the Dow doesn't really impact the business, but it will lead exchange-traded funds (ETFs) that track the Dow to sell the stock when the Dow makes the switch on Nov. 8. That's not as significant as being removed from the S&P 500 since not as many ETFs follow the Dow, but it still leads to greater supply and less demand.