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Intel (INTC) Shares Drop Over 6% in a Day
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Intel (INTC) Shares Drop Over 6% in a Day
As shown on the Intel (INTC) chart, after Tuesday’s candle closed above $21, the price dropped sharply on Wednesday. INTC was the worst-performing stock of the day among the components of the S&P 500 index (US SPX 500 mini on FXOpen).Why Did INTC Shares Fall?The decline is linked to growing competitive pressure. According to media reports:→ On one hand, AMD continues to rapidly expand its share of the server CPU market. A report by Mercury shows…
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