Intel (INTC.US) stock fell more than 2% after Atlantic Equities cut rating on the microprocessor giant to Underweight from neutral. Analysts from Atlantic believe that Intel’s plan to expand its manufacturing base wouldn’t help it fend off rival Advanced Micro Devices. Also rumors that Intel Alder Lake desktop CPUs might not be arriving as soon as first thought also weighed on investors sentiment. According to Wccftech, Intel has recently confirmed to partners that new processors will be launched in November this year and not as previously planned in September.
Intel (INTC.US) stock fell sharply during today's session and is approaching the lower limit of the descending channel. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
