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
€38.85
1.560%
With 20 Buy predictions and 19 Sell predictions the community is currently undecided on Intel Corp..
However, we have a potential of -25.34% for Intel Corp. as the target price of 29 € is below the current price of 38.85 €.
