Better Chip Stock: Intel vs. Arm Holdings
(NASDAQ: INTC) and Arm Holdings (NASDAQ: ARM), two of the bellwethers of the semiconductor sector, recently plummeted after their latest earnings reports. Intel missed analysts' estimates on the top and bottom lines, suspended its dividend, and announced plans to lay off 15% of its global workforce to cut costs. Those disastrous developments cause its stock to sink 26% to its lowest levels in over a decade on Aug. 2.
Arm exceeded Wall Street's top- and bottom-line estimates, but its guidance missed the consensus forecast. Its stock dropped 16% on Aug. 1 after that report, then fell another 7% on Aug. 2 after Intel rattled the chip sector.
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Source Fool.com
Intel Corp. Stock
€84.52
-3.890%
Our community is currently high on Intel Corp. with 46 Buy predictions and 25 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 84.52 € for Intel Corp., so the potential is actually -12.45%.
