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Stock impact report

Why Intel stock is falling as Nvidia leads the rest of the semiconductor sector on a massive surge [MarketWatch]

Intel Corporation (INTC) 
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Company Research Source: MarketWatch
Shares of Intel Corp. INTC, were down more than 5% in afternoon trading Thursday, vastly leading Dow Jones Industrial Average DJIA, laggards, on a day when Nvidia Corp.'s stock NVDA, was up 26% and the PHLX Semiconductor Index SOX, was ahead 6%. Nvidia delivered a stratospheric beat on its quarterly revenue outlook Wednesday afternoon, with executives discussing how spending on artificial intelligence is already starting to drive sizable financial benefits for the company. That discussion has Wall Street thinking that many other chip makers will also be able to capitalize on the same wave of interest in the hot technology—shares of Monolithic Power Systems Inc. MPWR, Advanced Micro Devices Inc. AMD, and Taiwan Semiconductor Manufacturing Co .Ltd. TSM, all joined Nvidia in gaining by double-digit percentages in Thursday's session. Intel, though, was a key outlier. Nvidia's commentary seemed to make investors more worried that Intel is behind the curve on what some see as a massive Show less Read more
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