Why Intel stock price is crashing
In the last two years, semiconductor companies and chipmakers were largely the biggest winners in the financial markets. The ongoing advancement and rapid expansion of artificial intelligence helped stocks like Nvidia (NASDAQ: NVDA) rapidly expand their market capitalizations — sometimes by a factor of 3 or 4.
One key business in the space hasn’t fared well at all, however — Intel (NASDAQ: INTC) is trading at prices far below those seen when the AI rally kicked off.
On a year-to-date (YTD) basis, the stock is down 56.14%. A large part of those losses — 15.45%, occurred over the last week — and 5.28% happened within a single day on December 5.
At press time, Intel stock was trading at $20.82.
