What's Going On With Intel Shares?
Portfolio Pulse from Henry Khederian
Intel Corporation (NASDAQ:INTC) shares are trading down roughly 1% after the stock gained on Thursday. This is due to China's iPhone crackdown and Huawei's 5G Kirin 9000s chip-powered smartphone, which have added pressure to several sector stocks. If China bans iPhones, it could disrupt the supply chain for various semiconductor components, including those produced by Intel, leading to fluctuations in Intel's production, orders, and revenue.
September 08, 2023 | 7:43 pm
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Intel's stock is down due to potential disruptions in its supply chain caused by China's iPhone crackdown. This could lead to fluctuations in Intel's production, orders, and revenue.
Intel relies on a complex global supply chain for its manufacturing and sales. If China bans iPhones, it could disrupt the supply chain for various semiconductor components, including those produced by Intel. This could lead to fluctuations in Intel's production, orders, and revenue, which is likely to negatively impact the stock price.
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