Why Intel Stock Is Sinking Again Today
(NASDAQ: INTC) stock is retreating again in Thursday's trading. The semiconductor company's share price was down 3.9% as of 12:15 p.m. ET, according to data from S&P Global Market Intelligence.
Concerns are mounting about the future of Intel's new chip fabrication plant in Germany. DigiTimes and Fortune magazine published separate reports today indicating that the construction of the manufacturing facility may be in doubt.
Intel has been planning to begin construction on two new chip manufacturing facilities near Magdeburg, Germany. The fabs are supposed to be concentrated on the manufacturing of high-performance semiconductors and were expected to be open and producing chips by 2027. But it looks like that timeline is now in doubt, and it's possible that construction could be abandoned altogether.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 29 Buy predictions and 11 Sell predictions.
With a target price of 38 € there is a hugely positive potential of 84.65% for Intel Corp. compared to the current price of 20.58 €.
