Why Intel Stock Is Falling
Portfolio Pulse from Henry Khederian
Intel Corporation (NASDAQ:INTC) shares fell by 4.4% to $48.03 amid a broader decline in semiconductor and chip stocks due to rising Treasury yields. The sector's downturn is also in sympathy with ASML Holding after the Netherlands blocked exports of some lithography systems to China, which are essential for advanced microprocessors. This move aligns with U.S. export restrictions and follows a September rule requiring Dutch firms to seek approval for exporting certain chip-making equipment.
January 02, 2024 | 6:25 pm
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Intel's stock price has declined due to rising Treasury yields affecting tech stocks and regulatory actions in the Netherlands impacting the semiconductor sector.
Intel's stock price is directly impacted by the general sentiment in the tech sector, which is currently bearish due to rising Treasury yields. Additionally, the regulatory decision in the Netherlands to restrict exports of key semiconductor equipment, which is in line with U.S. policy, could have implications for the global supply chain and Intel's operations, further contributing to the negative sentiment.
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