What Happened With Intel Stock Today?
Portfolio Pulse from Erica Kollmann
Intel Corp (NASDAQ: INTC) shares closed slightly higher amid a tumultuous trading day for the semiconductor sector. Semiconductor stocks moved lower due to concerns over export restrictions and ASML Holding NV's (NASDAQ: ASML) earnings report. ASML shares fell over 12% after reporting lower-than-expected Q2 numbers. The Biden administration is considering severe trade restrictions on China, and former President Trump suggested Taiwan should pay the U.S. for its defense. Intel is seen as a safer option due to its U.S. manufacturing expansion plans. Intel will report Q2 results on Aug. 1, with analysts expecting earnings of 10 cents per share and revenue of $12.948 billion.
July 17, 2024 | 9:22 pm
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NEGATIVE IMPACT
ASML shares fell over 12% after reporting lower-than-expected Q2 numbers and providing weaker forward guidance. The company's gross margin guidance of 50%-51% was below expectations.
ASML's significant drop is directly tied to its disappointing earnings report and guidance, which will likely continue to pressure the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
NVIDIA shares were impacted by sector-wide declines and concerns over potential severe trade restrictions on China. The company's reliance on Taiwan for manufacturing adds to investor concerns.
NVIDIA's stock is affected by broader sector concerns and potential trade restrictions, which could impact its supply chain and operations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Company shares were affected by sector declines and geopolitical concerns, including potential severe trade restrictions on China and comments from former President Trump.
TSMC's stock is impacted by broader sector declines and geopolitical risks, which could affect its operations and investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Intel shares closed slightly higher amid sector-wide declines. Intel is seen as a safer option due to its U.S. manufacturing expansion plans. The company will report Q2 results on Aug. 1, with analysts expecting earnings of 10 cents per share and revenue of $12.948 billion.
Intel's slight gain in a declining sector suggests investor confidence in its U.S. manufacturing expansion. Upcoming Q2 results could further impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100