Intel shares are trading lower after competitor NVIDIA reported better-than-expected quarterly results.
Portfolio Pulse from Benzinga Newsdesk
Intel shares are trading lower after competitor NVIDIA reported better-than-expected quarterly results.
May 23, 2024 | 4:08 pm
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NEGATIVE IMPACT
Intel shares are experiencing a decline following NVIDIA's announcement of better-than-expected quarterly results.
Intel's stock is negatively impacted due to NVIDIA's strong earnings report, which may lead investors to favor NVIDIA over Intel in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100