Why Intel Stock Is Falling Today
(NASDAQ: INTC) stock is losing ground in Friday's trading. The semiconductor company's share price was down 5.1% as of 12:30 p.m. ET, according to data from S&P Global Market Intelligence.
Intel stock is losing ground in conjunction with sell-offs triggered by a massive global IT outage. Due to issues created by a new software update rolled out by cybersecurity provider CrowdStrike, hundreds of millions of computers around the globe were rendered unusable. While Intel's hardware doesn't have a direct connection to the cause of the outage, it is tangentially related.
CrowdStrike is the top provider of cloud-based endpoint protection services for enterprises. When it comes to cybersecurity services used to protect computers, mobile devices, and other hardware from being used to attack networks, no other provider's technology is more widely used. Unfortunately, the deeply entrenched nature of CrowdStrike's software opened the door for the massive global IT outage occurring today.
Source Fool.com
Intel Corp. Stock
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 82.82 € for Intel Corp., so the potential is actually -10.65%.
