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.
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Source Fool.com
Intel Corp. Stock
€38.38
-4.230%
Based on 20 Buy predictions and 19 Sell predictions the sentiment towards Intel Corp. is rather balanced.
On the other hand, the target price of 29 € is below the current price of 38.38 € for Intel Corp., so the potential is actually -24.43%.
