Intel shares are trading lower following a report suggesting NVIDIA will make Arm-based PC chips, which could rival Intel.
Portfolio Pulse from Benzinga Newsdesk
Intel shares are trading lower following a report suggesting NVIDIA will make Arm-based PC chips, which could rival Intel.
October 23, 2023 | 7:15 pm
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Intel's stock price is falling due to a report that NVIDIA is planning to produce Arm-based PC chips, which could compete with Intel.
The news of NVIDIA planning to produce Arm-based PC chips is a direct threat to Intel's market share in the PC chips sector. This has led to a decrease in Intel's stock price as investors anticipate potential loss in market share and revenues.
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IMPORTANCE 80
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