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. Aktie
40,46 €
-2,92 %
Leichte Verkaufsstimmung für Intel Corp.: Mehr Sell- als Buy-Einschätzungen.
Das von der Community festgelegte Kursziel von 25 € für Intel Corp. bedeutet eine mögliche Minderung um über 20% im Vergleich zu 40.46 €.
