It happened on Jaye Street near the Tule River just after 6 pm.
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Officers found the 25-year-old victim suffering from multiple stab wounds.
The victim was taken to Kaweah Health Medical Center in Visalia, but their condition has not been released.
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Investigators are working to determine what led up the stabbing. Anyone with information is asked to call the Porterville Police Department at 559-782-7400.