Why Intel Stock Is Crashing Today
Shares of (NASDAQ: INTC) are tumbling on Thursday. The chipmaker's stock lost 10.8% as of 1:40 p.m. ET despite a brief bump earlier on positive news. The decline comes as the S 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) saw deep red.
A potentially transformative deal with TSMC was overshadowed by China's retaliation to Trump's tariffs.
Intel and Taiwan Semiconductor Manufacturing (TSMC) -- the world's premier chip manufacturer -- have reportedly reached a tentative agreement that could revitalize Intel's struggling foundry business. Under the deal, TSMC would take a 20% stake in a new organization that would operate Intel's semiconductor manufacturing facilities, with Intel and other U.S. semiconductor firms controlling the remainder.
Source Fool.com
Intel Corp. Stock
Based on 22 Buy predictions and 22 Sell predictions the sentiment towards Intel Corp. is rather balanced.
A target price of 25 € results in a potential of -53.16% which would mean heavy losses compared to the current price of 53.37 € for Intel Corp..
