Why Intel Stock Was Sliding Today
Shares of Intel (NASDAQ: INTC) were heading lower today, even though there was no news out on the stock.
Instead, the chip stock seemed to react poorly to a strong earnings report from Nvidia (NASDAQ: NVDA), the leader in the artificial intelligence (AI) revolution, an area Intel is keen on tapping into. Additionally, Nvidia announced a 10-for-1 stock split, a move some think will lead to the company's admission into the Dow Jones Industrial Average, replacing Intel, the only semiconductor business currently in the Dow.
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Source Fool.com
Intel Corp. Stock
€31.16
0.990%
Currently there is a rather negative sentiment for Intel Corp. with 12 Buy predictions and 19 Sell predictions..
This results in a negative potential of -26.19% based on a current price of 31.16 € and a target price of 23 € for the stock.
