Intel shares are trading higher as some tech stocks gain. Intel dropped last week after China told telecom carriers to phase out foreign chips.
Portfolio Pulse from Benzinga Newsdesk
Intel shares are experiencing an uptick as part of a broader gain among some tech stocks. This comes after a decline last week, prompted by China's directive to telecom carriers to eliminate the use of foreign chips, impacting companies like Intel.
April 15, 2024 | 4:14 pm
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Intel's stock is recovering after a recent drop due to China's decision to phase out foreign chips, affecting its market position.
Intel's stock is rebounding as it recovers from the negative impact of China's regulatory decision to phase out foreign chips, which had caused a significant drop in its share price last week. The current uptick is part of a broader rally in tech stocks, suggesting investor confidence is returning. However, the long-term effects of China's policy on Intel's business remain a concern.
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