Why Intel Stock Sank Today
(NASDAQ: INTC) stock slipped again Wednesday. The chip company's share price closed out the daily trading session down 3.3%.
Bloomberg published a report today indicating that there are now doubts as to whether Intel will receive the roughly $19.5 billion in financing it had been expected to receive through the U.S. CHIPS and Science Act. Adding another bearish catalyst, Reuters reported that Intel's manufacturing of chips for Broadcom had not been successful.
Source Fool.com
Intel Corp. Stock
€17.04
-2.380%
Currently there is a rather positive sentiment for Intel Corp. with 28 Buy predictions and 15 Sell predictions.
Based on the current price of 17.04 € the target price of 38 € shows a potential of 123.0% for Intel Corp. which would more than double the current price.
