Intel (INTC) Stock: Price Drops as Nvidia-Meta CPU Deal Emerges

TLDR Intel (INTC) dropped 1.3% to $46.18 Tuesday with volume 52% below average. Nvidia’s expanding CPU partnership with Meta is raising fresh competition fears in the data center market. Q4 EPS beat at $0.15 vs $0.08 expected, but revenue fell 4.2% year-over-year. Wall Street consensus is “Reduce” with an average price target of $45.74. Major [...]

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