What's Going On With Intel Stock On Friday?
Portfolio Pulse from Anusuya Lahiri
Intel Corp (NASDAQ: INTC) had a positive week until Thursday, while Nvidia Corp (NASDAQ: NVDA) and Advanced Micro Devices, Inc (NASDAQ: AMD) saw declines. The semiconductor sector lost over $500 billion due to U.S. embargo reports against China. Intel's CTO targets $1 billion in software revenue by 2027, with the Gaudi 3 chip expected to generate significant revenue. DNB Asset Management increased its investment in Intel. Intel's stock is down 5.10% at $33.09.
July 19, 2024 | 6:00 pm
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NEGATIVE IMPACT
AMD experienced a 15% decline this week, affected by the broader semiconductor sector losing $500 billion due to U.S. embargo reports against China.
AMD's stock is likely to face short-term pressure due to the significant decline in the semiconductor sector caused by U.S. embargo reports against China.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Nvidia saw a 5% decline this week, impacted by the broader semiconductor sector losing $500 billion due to U.S. embargo reports against China.
Nvidia's stock is likely to face short-term pressure due to the significant decline in the semiconductor sector caused by U.S. embargo reports against China.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Co faced criticism from Donald Trump, leading to profit booking by investors.
TSM's stock is likely to face short-term pressure due to criticism from Donald Trump, leading to profit booking by investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Intel had a positive week until Thursday, with significant developments including a $1 billion software revenue target and the Gaudi 3 chip expected to generate substantial revenue. DNB Asset Management increased its investment in Intel.
Intel's positive developments, including the Gaudi 3 chip and increased investment from DNB Asset Management, are likely to have a positive short-term impact on the stock despite the recent decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100