Why Intel Stock Is Sinking Again Today
(NASDAQ: INTC) stock is getting hit with another round of sell-offs in Wednesday's trading. The company's share price was down 4.6% as of 1 p.m. ET.
Intel is slipping following comments made by President Donald Trump during his speech to Congress yesterday urging the cancellation of the CHIPS Act. The stock is now down roughly 26% from its high point in 2025.
In his speech, Trump laid out his administration's view on tariffs and other aspects of his agenda for the economy and other areas of policy. Trump touted recent commitments to large expansion investments from major tech companies including Apple and Taiwan Semiconductor Manufacturing (TSMC) and criticized the CHIPS Acts approach of directly funding semiconductor companies. Intel was the largest pure-dollar recipient of CHIPS Act funding, and Trump called on Congress to pass legislation canceling the act.
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 78.19 € for Intel Corp., so the potential is actually -5.36%.
