Intel Stock Falls Again as AMD and Arm Put Its Comeback Under Pressure
Intel stock dropped 3.9% to $115.55 on Thursday morning in New York, with the dip coming after new server chip numbers showed further share slipping to Advanced Micro Devices and Arm. The selloff is putting pressure on both Intel’s recent rally and the market’s growing faith in CEO Lip-Bu Tan’s turnaround strategy, according to market data at 10:06 a.m.