What's Going On With Intel Stock?
Portfolio Pulse from Adam Eckert
Intel Corp (NASDAQ:INTC) shares are trading lower after falling more than 4% on Tuesday. The company held its Innovation 2023 event, focusing on AI and announced the upcoming launch of its Intel Core Ultra processors and a large AI supercomputer. Intel also announced the general availability of its Developer Cloud and the new release of its OpenVINO toolkit. Rosenblatt analyst Hans Mosesmann reiterated Intel with a Sell rating and maintained a price target of $17.
September 20, 2023 | 1:41 pm
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Intel's stock is trading lower following its Innovation 2023 event and the announcement of several AI-focused initiatives. An analyst has reiterated a Sell rating for the company.
Intel's stock is trading lower, likely due to the market's reaction to its Innovation 2023 event and the announcement of several AI-focused initiatives. Despite these announcements, Rosenblatt analyst Hans Mosesmann has reiterated a Sell rating for the company, which could also be contributing to the downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100