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
€16.95
-3.070%
Currently there is a rather positive sentiment for Intel Corp. with 28 Buy predictions and 15 Sell predictions.
Based on the current price of 16.95 € the target price of 38 € shows a potential of 124.19% for Intel Corp. which would more than double the current price.
