Why Intel Stock Took a Hit After Intel Innovation 2023 -- Is It an Overreaction?

By Jose Najarro – Sep 20, 2023 at 4:56PM

NASDAQ: INTC

Intel

Market Cap

$133B

Today's Change

(-1.63%) -$0.52

Current Price

$31.36

Price as of April 29, 2024, 4:00 p.m. ET

Intel's bullish trend was halted after the CFO shared some short-term headwinds affecting margins and its data center segment.

In today's video, I discuss Intel (INTC -1.63%) and why the stock price is down after the company announced numerous technological advancements. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of Sept. 20, 2023. The video was published on Sept. 20, 2023.

Jose Najarro has positions in Advanced Micro Devices, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Intel and recommends the following options: long January 2023 $57.50 calls on Intel and long January 2025 $45 calls on Intel. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.