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
€53.24
-3.930%
With 22 Buy predictions and 23 Sell predictions the community is currently undecided on Intel Corp..
The target price of 25 € compared with the current price of 53.24 € for the stock indicates a negative potential of -53.04%.
