Why Intel Stock Sank Today
(NASDAQ: INTC) stock lost ground in Wednesday's trading amid multiple bearish catalysts. The company's share price fell 3.2% in a daily session that saw the S 500 drop 1.2% and the Nasdaq Composite fall 2.1%.
Intel's valuation took a step back today as investors weighed China-related risk factors for semiconductor companies. Concerns about new tariffs on the automotive industry also prompted a pullback for the broader market.
Chip stocks got hit with significant pullbacks today as geopolitical risk factors came back into focus. The Trump administration added 80 new Chinese companies to its trade prohibition list, and businesses now blocked from buying U.S. products include customers of Intel, Nvidia, and others.
Source Fool.com
Intel Corp. Stock
€39.05
-0.510%
Our community is currently high on Intel Corp. with 24 Buy predictions and 19 Sell predictions.
On the other hand, the target price of 29 € is below the current price of 39.05 € for Intel Corp., so the potential is actually -25.74%.
