Why Intel Stock Sank Today
(NASDAQ: INTC) stock saw a day of big sell-offs in Wednesday's daily session. The chip company's share price closed out the day down 6.3% due to concerns that competitive pressures are mounting.
Intel's valuation sank today following news about a product that Nvidia is readying that could compete with Intel in the central processing unit (CPU) space. Meanwhile, another report suggested that Advanced Micro Devices will continue gaining market share from Intel in the server CPU market.
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Source Fool.com
Intel Corp. Stock
€19.87
1.680%
Our community is currently low on Intel Corp. with 8 Buy predictions and 14 Sell predictions.
With a target price of 19 € there is a slightly negative potential of -4.39% for Intel Corp. compared to the current price of 19.87 €.
