Why Intel Stock Slumped on Friday
Intel (NASDAQ: INTC) stock skyrocketed yesterday on news archrival Nvidia (NASDAQ: NVDA) will invest $5 billion in Intel, and help its former rival "develop AI infrastructure and personal computing products" -- with Nvidia technology inside. Most investors seem confident that this event marks a turning point for Intel stock, and that brighter days lie ahead -- but one big banker is not so sure!
This morning, downgraded Intel stock to sell. Intel stock was down 3.3% through 2:25 p.m. ET in response.
Image source: Getty Images.
Source Fool.com
Intel Corp. Aktie
81,50 €
3,14 %
Die Community bevorzugt leicht Intel Corp., mit etwas mehr Buy- (47) als Sell-Einschätzungen (24).
Für Intel Corp. ergibt sich ein negatives Potenzial von -9.2%, obwohl das Kursziel von 74 € unter dem aktuellen Kurs von 81.5 € liegt.
