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Intel Stock Slumps to Five-Month Low Amid Broader Tech Sector Weakness
Intel Stock Slumps to Five-Month Low Amid Broader Tech Sector Weakness
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Intel Corporation’s stock (NASDAQ: INTC) opened at $20.05 on Tuesday, marking a five-month low after a steady decline from its February peak of $27.40. The chipmaker has failed to maintain its resistance level, mirroring struggles across the tech sector this year.
StockAnalysis projects a potential double-digit rebound for Intel over the next 12 months, though current market conditions show no immediate signs of recovery. The downturn reflects broader pressures facing technology equities, with most major players delivering negative returns to investors year-to-date.
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