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Why Intel, Broadcom, and Applied Materials Plunged Today

TheMotleyFool 
0 0 15.09.23
Why Intel, Broadcom, and Applied Materials Plunged TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png
 

Shares of chip stocks (NASDAQ: INTC), Broadcom (NASDAQ: AVGO), and semi-cap equipment maker Applied Materials (NASDAQ: AMAT) were falling on Friday, down as much as 2.7%, 2.9%, and 4.7% at their lows of the day, respectively.

These all-star semiconductor stocks had been on a tear this year, with Intel and Applied Materials rising about 50% and Broadcom up about 58% on the year amid artificial intelligence (AI) enthusiasm and the hopes the broader semiconductor downturn may be ending.

But these stocks had a big pullback on Friday, after Reuters reported that Taiwan Semiconductor Manufacturing (NYSE: TSM), the largest chip foundry in the world, had asked equipment makers to delay or push back orders of new equipment.

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Source Fool.com

Intel Corp. Stock

€77.24
-2.070%
A loss of -2.070% shows a downward development for Intel Corp..
Our community is currently high on Intel Corp. with 47 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 74 € is below the current price of 77.24 € for Intel Corp., so the potential is actually -4.19%.
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