Why Intel Stock Is Falling Today
(NASDAQ: INTC) stock is losing ground in Tuesday's trading. The semiconductor company's share price was down 2.6% as of 1:45 p.m. ET, and had been down as much as 3.2% earlier in the daily session.
Intel stock is falling today after Taiwan Semiconductor Manufacturing founder Morris Chang made comments criticizing the U.S.-based company's strategy and execution in the chip fabrication space. TSMC is the clear leader in the contract semiconductor manufacturing market, and Intel has been spending billions trying to match its rival's production capabilities.
Following the recent departure of former CEO Pat Gelsinger, Chang criticized Intel's push into the chip foundry space yesterday. Chang indicated that Intel should have focused on improving its position in designing artificial intelligence (AI) chips, rather than trying to become a major player in third-party chip fabrication services.
Source Fool.com
Intel Corp. Aktie
Bei der Aktie stehen derzeit 47 Buy-Einschätzungen 24 Sell-Einschätzungen gegenüber. Das Sentiment ist also durchaus positiv.
Trotz eines Kursziels von 74 €, das unter 78.19 € liegt, ergibt sich für Intel Corp. ein negatives Potenzial von -5.36%.
