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Intel Stock Slumps Amid Divergent Analyst Views on Nvidia Partnership
Intel Stock Slumps Amid Divergent Analyst Views on Nvidia Partnership
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BTCCSquare news:
Intel shares fell 3.3% Friday as Citigroup bucked a wave of Wall Street Optimism about its $5 billion AI infrastructure deal with Nvidia. The downgrade to 'sell' contrasts sharply with at least four banks raising price targets, including Benchmark's upgrade to $43.
Citi's skepticism centers on Intel's foundry business, which generated just $17.5 billion last year. 'Investors expect a foundry deal, but the segment has minimal chance of success,' the bank warned. The bearish call highlights the challenges Nvidia faces in revitalizing its rival's fortunes through the strategic partnership.
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