Why Intel Stock Sank Today
(NASDAQ: INTC) stock lost ground in Wednesday's trading amid multiple bearish catalysts. The company's share price fell 3.2% in a daily session that saw the S 500 drop 1.2% and the Nasdaq Composite fall 2.1%.
Intel's valuation took a step back today as investors weighed China-related risk factors for semiconductor companies. Concerns about new tariffs on the automotive industry also prompted a pullback for the broader market.
Chip stocks got hit with significant pullbacks today as geopolitical risk factors came back into focus. The Trump administration added 80 new Chinese companies to its trade prohibition list, and businesses now blocked from buying U.S. products include customers of Intel, Nvidia, and others.
Source Fool.com
Intel Corp. Aktie
30,94 €
0,73 %
Die Intel Corp. Aktie ist nicht ganz im Trend: Mehr Sell- als Buy-Einschätzungen.
Eine deutliche Minderung um mehr als 20% ist für Intel Corp. mit einem Kursziel von 23 € gegenüber 30.94 € zu erwarten.
