Why Intel Stock Slumped on Tuesday
The semiconductor specialist followed the broader market lower, and a Wall Street analyst added insult to injury.
Source: yahoo.com
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The semiconductor specialist followed the broader market lower, and a Wall Street analyst added insult to injury.
These stocks have solid long-term growth prospects.
Intel jumped after announcing new AI chips set to arrive in 2024.
The chipmaker was set to increase its market value by nearly $11 billion. Other chip firms such as Advanced Micro Devices, Nvidia and Arm rose 1.6% to 2.2%.
Intel (NASDAQ:INTC) used to be the U.S. chip champ, but it lost its footing in recent years. However, investors should prepare for Intel to reg...