Intel Stock Declines Amid Nvidia's Withdrawal from 18A Chip Deal
TL;DR Summary
Intel's stock dropped 2.3% after Nvidia abandoned plans to use Intel's 18A chip production process, undermining hopes for Intel's manufacturing revival. Nvidia's decision, despite previously testing Intel's process and taking a $5 billion stake, signals ongoing manufacturing challenges for Intel and impacts investor confidence. Nvidia's stock, however, continues to rally, reflecting strong demand and positive market sentiment.
- Intel Stock Drops. Blame Nvidia. Barron's
- INTC: Intel Stock Falls After Nvidia Backs Out of 18A Chip Deal Yahoo Finance
- Intel Shares Fall on Report Nvidia Halts Production Test Bloomberg.com
- Intel shares fall after Nvidia reportedly declines to move forward with 18A manufacturing process Seeking Alpha
- NVIDIA Tested Intel's 18A Node but Did Not Commit to Intel Foundry TechPowerUp
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