Why Intel Stock Sank Today
(NASDAQ: INTC) stock saw a day of big sell-offs in Wednesday's daily session. The chip company's share price closed out the day down 6.3% due to concerns that competitive pressures are mounting.
Intel's valuation sank today following news about a product that Nvidia is readying that could compete with Intel in the central processing unit (CPU) space. Meanwhile, another report suggested that Advanced Micro Devices will continue gaining market share from Intel in the server CPU market.
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Source Fool.com
Intel Corp. Stock
€31.74
-0.560%
Currently there is a rather negative sentiment for Intel Corp. with 14 Buy predictions and 19 Sell predictions..
This results in a negative potential of -27.54% based on a current price of 31.74 € and a target price of 23 € for the stock.
