Why Intel Stock Dropped Today
Intel (NASDAQ: INTC) stock slid 4.3% through 11:35 a.m. ET as investors caught a case of the Mondays -- and resumed worrying about the market for memory chips used in the artificial intelligence industry.
Image source: Getty Images.
South Korea's SK Hynix (NASDAQ: SKHY), now trading on Nasdaq, may be the catalyst. SK shares soared 14% on their Nasdaq debut before turning tail this morning and selling off by more than 6%. Now, Intel stock is following SK stock lower.
Source Fool.com
Intel Corp. Stock
€81.11
2.620%
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 81.11 € for Intel Corp., so the potential is actually -8.77%.
