Intel's New Desktop Processor Is No Threat to NVIDIA
On Monday, Intel Corporation (NASDAQ: INTC) raised eyebrows across the tech world by unveiling its new 8th Gen Intel Core desktop processor family. Perhaps most notably, the central processing unit (CPU) giant lauded its new Intel Core i7 desktop chip as the company's "best gaming processor ever," delivering up to a 25% improvement in frame rates over its predecessor.
Naturally, shares of AMD (NASDAQ: AMD) and NVIDIA (NASDAQ: NVDA) plunged 5.2% and 4.5%, respectively, as investors worried over the new competitive threat posed by Intel's hefty new gaming chip.
But there's just one problem with that train of thought, particularly for NVIDIA investors: Intel's new high-end gaming CPU poses no threat to the graphics processing units (GPUs) sold by either company.
Source: Fool.com
Intel Corp. Stock
Currently there is a rather positive sentiment for Intel Corp. with 22 Buy predictions and 12 Sell predictions.
As a result the target price of 38 € shows a positive potential of 33.33% compared to the current price of 28.5 € for Intel Corp..
