What's Going On With Intel Shares
Portfolio Pulse from Henry Khederian
Intel Corporation (NASDAQ:INTC) shares are trading lower by 1.5% potentially due to weakness in the Nasdaq-100 (NASDAQ:QQQ) and poor earnings results from peer chipmaker Taiwan Semiconductor Mfg. Co. Ltd. (TSM). Wolfe Research analyst Chris Caso initiated coverage on Intel with an Underperform rating and a price target of $27. Increased competition in the chip manufacturing space could affect Intel's market share and dominant position.
July 20, 2023 | 2:49 pm
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NEGATIVE IMPACT
Intel shares are trading lower potentially due to poor earnings from peer TSM and a negative rating from Wolfe Research. Increased competition could affect Intel's market share.
Intel's stock price is likely to be negatively impacted due to poor earnings from peer TSM and a negative rating from Wolfe Research. Increased competition in the chip manufacturing space could also affect Intel's market share and dominant position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Weakness in the Nasdaq-100 could be affecting the stock prices of its constituents, including Intel.
The Nasdaq-100's performance can impact the stock prices of its constituents. The current weakness in the Nasdaq-100 could be negatively affecting the stock prices of its constituents, including Intel.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50