Shares of Intel Corp. INTC shed 1.83% to $23.09 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 1.59% to 5,861.57 and Dow Jones Industrial Average DJIA falling 0.
Intel CEO Pat Gelsinger took a direct shot at Nvidia CEO Jensen Huang's claim that traditional processors like Intel's are running out of steam.
Of all the things that chip stock Intel (INTC) did not need right now, it was another rival going after another part of its business. That,
Intel ( INTC -0.70%) stock was gaining ground early in Thursday's trading, but traded lower later in the day. The semiconductor specialist's share price was down 1% as of 3:45 p.m. ET along with a 1.3% decline for the S&P 500 index and a 2.
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Quantum computing is the next big thing.” That’s what everyone has been saying. Huge names such as Google, Microsoft, NVIDIA, IDM and Intel are pouring money into superconductive quantum
Intel saw its shares fall in the midst of escalating trade tensions, as well as news that officials had no knowledge of a possible deal with Taiwan Semiconductor that had helped boost Intel's stock earlier in the month.
Intel has fallen behind in the semiconductor manufacturing space, particularly to Taiwan Semiconductor. Rumors of a partnership between Intel and Taiwan Semi are swirling as the vice president talks up AI prowess.
Intel (INTC) and a host of other semiconductor stocks trended down on Tuesday following a report by Bloomberg that the U.S. Department of Commerce is pursuing tighter sanctions to curb China's ability to produce more powerful chips.
However, it’s also fair to point out that Intel had suffered a long series of miscues, oversights and unforced errors. What was once a proud leader in the ultra-competitive semiconductor ecosystem had become relegated almost to a bystander’s role as other enterprises gained market share.
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