Why Analysts Have Turned Bearish on Intel
Intel (INTC) stock started falling in June when the company’s then-CEO Brian Krzanich told a Wall Street analyst that the company might lose some server CPU (central processing unit) market share to Advanced Micro Devices (AMD). After this news, investors became sensitive to any negative news on Intel. Analysts are becoming bearish on Intel, with 59% recommending “buy” in August and 46% recommending “buy” in September.