Intel Is Down By 39% Since June. Time to Buy?
The stock has gone down after a massive run-up, but when will it stop falling?
Overview
Since its peak close of $140.94 per share on June 22, Intel (NASDAQ: INTC) stock has lost close to 40% of its value. The chip giant surged as it benefited from technical successes and an agentic AI boom that has dramatically increased demand for CPUs.
Unfortunately, even its strongest earnings report in years failed to stem the falling stock price. Knowing that, investors should probably approach the semiconductor stock cautiously.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.