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Why Intel Stock Was Sliding Today

TheMotleyFool

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Why Intel Stock Was Sliding Today: https://g.foolcdn.com/editorial/images/771683/tweezers-with-computer-chip.jpg

Shares of Intel (NASDAQ: INTC) were moving lower today after the chipmaker revealed in a filing that it's losing billions of dollars in its foundry business.

Intel had not previously disclosed those losses in such detail, and the update showed significant challenges in a business that many believe could be a growth opportunity for the company.

As of 11:12 a.m. ET, the stock was down 6.7% on the news.

Source Fool.com

Intel Corp. Stock

Intel Corp. gained 0.550% compared to yesterday.
Our community is currently high on Intel Corp. with 24 Buy predictions and 16 Sell predictions.
With a target price of 38 € there is potential for a 100.68% increase which would mean more than doubling the current price of 18.94 € for Intel Corp..

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