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
40,07 €
0,33 %
Bei Intel Corp. herrscht Gleichgewicht zwischen 20 Buy- und 19 Sell-Einschätzungen.
Trotz eines Kursziels von 29 € für Intel Corp., das unter 40.07 € liegt, zeigt sich ein Potenzial von -27.63%.
