BUZZ-Intel falls after report Nvidia stopped testing company's 18A chipmaking tech
Chipmaker Intel’sshares fall 3.6% to $35.04 premarket AI chip designer Nvidiahas halted tests to manufacture on Intel’s 18A chipmaking node after running initial tests, Reuters reportsSuccess of the 18A chip manufacturing tech is seen as instrumental to Intel’s turnaround strategyAnalysts’ average rating on the stock is “hold”, their median PT is $23 - data compiled by LSEGINTC up ~81% YTD
Chipmaker Intel’s (INTC.O) shares fall 3.6% to $35.04 premarket AI chip designer Nvidia (NVDA.O) has halted tests to manufacture on Intel’s 18A chipmaking node after running initial tests, Reuters reports
Success of the 18A chip manufacturing tech is seen as instrumental to Intel’s turnaround strategy
Analysts’ average rating on the stock is “hold”, their median PT is $23 - data compiled by LSEG
INTC up ~81% YTD
