Why Intel Stock Is Sinking Today
Shares of Intel (NASDAQ: INTC) are losing ground in Wednesday's trading. The semiconductor company's share price was down 5.6% as of noon ET and had been down as much as 7% earlier in today's trading.Intel's pullback comes on the heels of a 16% jump for the stock in yesterday's trading following a report that the company could sell its Altera division and other acquisition speculation. But investors are weighing the outlook on potential sale scenarios for Intel, and the company's share price is also being pushed lower due to tariff news.The stock has been gaining ground lately amid reports that Taiwan Semiconductor Manufacturing (or TSMC) and Broadcom are potentially interested in taking over different parts of the company. While Broadcom would potentially be buying Intel's chip design business, TSMC would be buying the chip fabrication unit or operating it through a joint venture with Intel.Continue reading
Shares of Intel (NASDAQ: INTC) are losing ground in Wednesday's trading. The semiconductor company's share price was down 5.6% as of noon ET and had been down as much as 7% earlier in today's trading.
Intel's pullback comes on the heels of a 16% jump for the stock in yesterday's trading following a report that the company could sell its Altera division and other acquisition speculation. But investors are weighing the outlook on potential sale scenarios for Intel, and the company's share price is also being pushed lower due to tariff news.
The stock has been gaining ground lately amid reports that Taiwan Semiconductor Manufacturing (or TSMC) and Broadcom are potentially interested in taking over different parts of the company. While Broadcom would potentially be buying Intel's chip design business, TSMC would be buying the chip fabrication unit or operating it through a joint venture with Intel.
