Why Did Intel Stock Drop Today?
Intel (NASDAQ: INTC) stock slid 3.3% through 11:20 a.m. ET Wednesday after Reuters reported a shift in the company's foundry business plan. Intel may be preparing to cease marketing its "18A" chipmaking process (which is to say, making 1.8-nanometer semiconductor chips) to outside customers, and write off its investment in that process.
Instead, Intel would focus on more advanced 14A process (1.4 nm) for its foundry customers, while continuing to develop 1.8-nm chips in-house.
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Source Fool.com
Intel Corp. Stock
€85.96
-1.660%
Currently there is a rather positive sentiment for Intel Corp. with 46 Buy predictions and 24 Sell predictions.
However, we have a potential of -18.57% for Intel Corp. as the target price of 70 € is below the current price of 85.96 €.
