Why Intel Stock Dropped Today
If Intel wants to produce computer memory, it will have to do battle with a stronger SK Hynix.
Overview
Intel (NASDAQ: INTC) stock slid 4.3% through 11:35 a.m. ET as investors caught a case of the Mondays -- and resumed worrying about the market for memory chips used in the artificial intelligence industry.
Image source: Getty Images.
South Korea's SK Hynix (NASDAQ: SKHY), now trading on Nasdaq, may be the catalyst. SK shares soared 14% on their Nasdaq debut before turning tail this morning and selling off by more than 6%. Now, Intel stock is following SK stock lower.
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.