Why Intel Stock Slumped on Friday
Intel (NASDAQ: INTC) stock skyrocketed yesterday on news archrival Nvidia (NASDAQ: NVDA) will invest $5 billion in Intel, and help its former rival "develop AI infrastructure and personal computing products" -- with Nvidia technology inside. Most investors seem confident that this event marks a turning point for Intel stock, and that brighter days lie ahead -- but one big banker is not so sure!
This morning, downgraded Intel stock to sell. Intel stock was down 3.3% through 2:25 p.m. ET in response.
Image source: Getty Images.
Source Fool.com
Intel Corp. Stock
€87.41
-0.070%
Our community is currently high on Intel Corp. with 46 Buy predictions and 24 Sell predictions.
On the other hand, the target price of 70 € is below the current price of 87.41 € for Intel Corp., so the potential is actually -19.92%.
