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.

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Source Fool.com