Intel (INTC) closed the most recent trading day at $28.33, moving -0.94% from the previous trading session.
Intel (INTC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Shares of both Advanced Micro Devices (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA) have taken a beating on the stock market in 2022 thanks to a slowdown in chip demand in the personal computer (PC) market and sanctions on sales of data center chips to China, but they look set to end the year on a high. AMD and Nvidia have shot up 16% and 37%, respectively, since the beginning of October thanks to the broader recovery in the stock market, triggered by signs of cooling inflation and expectation that the Federal Reserve could now reduce the pace of interest rate hikes. Advanced Micro Devices is bearing the brunt of the slowdown in PC sales this year.