Why Intel Stock Slumped Today
Nvidia (NASDAQ: NVDA) is heading to China this week, with CEO Jensen Huang accompanying President Trump on his visit to meet with President Xi Jinping, and announcing a deal that will permit it to ship H200 artificial intelligence chips to the Middle Kingdom.
Nvidia stock is up more than 2% on the news, while Intel (NASDAQ: INTC) stock is down 3.9% through 10:10 a.m. ET. But here's the thing:
Nvidia is not the reason Intel stock is down. Advanced Micro Devices (NASDAQ: AMD) and Arm Holdings (NASDAQ: ARM) are.
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%.
