Intel: Why Intel Stock Is Crashing Today
Shares of Intel (NASDAQ: INTC) are tumbling on Thursday. The chipmaker's stock lost 10.8% as of 1:40 p.m. ET despite a brief bump earlier on positive news. The decline comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) saw deep red.
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Intel is a California-based multinational company that designs and manufactures products such as microprocessors, motherboards, and storage devices for PCs and smartphones.
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