Why Intel Stock Sank Today
(NASDAQ: INTC) stock slipped again Wednesday. The chip company's share price closed out the daily trading session down 3.3%.
Bloomberg published a report today indicating that there are now doubts as to whether Intel will receive the roughly $19.5 billion in financing it had been expected to receive through the U.S. CHIPS and Science Act. Adding another bearish catalyst, Reuters reported that Intel's manufacturing of chips for Broadcom had not been successful.
Source Fool.com
Intel Corp. Stock
€78.19
-0.780%
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%.
