Why Intel Stock Fell 35% Last Month
Investors are increasingly concerned that AI spending won't pay off.
Overview
Shares of the semiconductor company Intel (NASDAQ: INTC) fell hard in July as the company faced several pressures, including a broad chip stock sell-off and growing concerns among investors that Intel's capital expenditures (capex) are too high.
Intel stock fell by 35.4% last month, according to data provided by S&P Global Market Intelligence, leaving investors wondering where the tech stock is headed next.
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.