Intel Corp. (NASDAQ:INTC) is one of the 10 Stocks Investors Are Running Away From.
Intel saw its share prices drop by 9.66 percent on Tuesday to close at $110.39 apiece, as investors resorted to profit-taking while trading sideways amid the lack of industry-related developments to boost buying appetite.
Year-to-date, the company has already jumped by 286 percent, thanks to the strong demand for semiconductors amid the artificial intelligence boom. This month alone, Intel Corp. (NASDAQ:INTC) has seen its stock price surge by 21.7 percent.
Intel Corp.'s headquarters, the Robert Noyce Building in Santa Clara, California. Photo from Intel Corp website
Despite Tuesday's drop, Intel Corp. (NASDAQ:INTC) currently holds a strong buy recommendation from multiple **** ysts, with HSBC alone doubling its price target for the stock to $200 from $100 previously.
Intel saw its share prices drop by 9.66 percent on Tuesday to close at $110.39 apiece, as investors resorted to profit-taking while trading sideways amid the lack of industry-related developments to boost buying appetite.
Year-to-date, the company has already jumped by 286 percent, thanks to the strong demand for semiconductors amid the artificial intelligence boom. This month alone, Intel Corp. (NASDAQ:INTC) has seen its stock price surge by 21.7 percent.
Intel Corp.'s headquarters, the Robert Noyce Building in Santa Clara, California. Photo from Intel Corp website
Despite Tuesday's drop, Intel Corp. (NASDAQ:INTC) currently holds a strong buy recommendation from multiple **** ysts, with HSBC alone doubling its price target for the stock to $200 from $100 previously.
1 month ago
