Why Intel Stock Sank Today
Intel (NASDAQ: INTC) stock saw a day of big sell-offs in Wednesday's daily session. The chip company's share price closed out the day down 6.3% due to concerns that competitive pressures are mounting.Intel's valuation sank today following news about a product that Nvidia is readying that could compete with Intel in the central processing unit (CPU) space. Meanwhile, another report suggested that Advanced Micro Devices will continue gaining market share from Intel in the server CPU market.Image source: Getty Images.Continue reading
Intel (NASDAQ: INTC) stock saw a day of big sell-offs in Wednesday's daily session. The chip company's share price closed out the day down 6.3% due to concerns that competitive pressures are mounting.
Intel's valuation sank today following news about a product that Nvidia is readying that could compete with Intel in the central processing unit (CPU) space. Meanwhile, another report suggested that Advanced Micro Devices will continue gaining market share from Intel in the server CPU market.
Image source: Getty Images.
