What's Going On With Intel Stock On Friday?

Quick Summary:

Last week, reports indicated Intel CTO Greg Lavender targeting $1 billion in software and developer cloud subscription revenue, possibly reaching this before 2027.

Chips Act beneficiary Intel Corp (NASDAQ:INTC) had a positive week till Thursday, while Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD) lost 5% and 15%, respectively.

On Wednesday, the broader semiconductor sector lost over $500 billion in stock market value as reports indicated that the U.S.is intensifying its advanced semiconductor embargo against China.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChinaTaiwan

Topics: Benzinga BZ Data Project US67066G1040 US8740391003 AMD Stock Battles US0079031078 Stories That Matter Tech Movers News TSM INTC US4581401001 Why it's moving Briefs NVDA Media

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 18:00:48 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21686257

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