Why Intel Shares Are Falling Tuesday
Portfolio Pulse from Henry Khederian
Intel Corporation's shares are trading lower after the US government introduced new rules to prevent China from using US AI technology for military purposes. These rules restrict chip shipments to China, Iran, and Russia and blacklist two Chinese chipmakers. Given a portion of Intel's revenue is tied to the Chinese market, any disruptions or restrictions in that market can directly affect its financial performance.
October 17, 2023 | 2:11 pm
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Intel's stock price is falling due to new US government restrictions on chip shipments to China, which could impact Intel's revenue from the Chinese market.
Intel's shares are trading lower due to the new US government restrictions on chip shipments to China. As a significant portion of Intel's revenue comes from the Chinese market, these restrictions could have a direct impact on the company's financial performance, leading to a decrease in its stock price.
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