What's Going On With Intel (INTC) Shares
Portfolio Pulse from Henry Khederian
Intel Corporation (NASDAQ:INTC) shares are trading lower by 5.44% to $33.10 amid a drop in chip and semiconductor stocks as the sector pulls back after a recent surge on AI optimism. The decline also follows rate hike comments from Fed Chair Powell.
June 21, 2023 | 5:27 pm
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Intel shares are down 5.44% to $33.10 as the chip and semiconductor sector pulls back after a recent surge on AI optimism and rate hike comments from Fed Chair Powell.
Intel shares are directly impacted by the pullback in the chip and semiconductor sector, which surged recently due to AI optimism. Additionally, the rate hike comments from Fed Chair Powell have led to a decline in stocks across sectors, including Intel.
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