This May Be the Next Big Catalyst for Intel Stock
Key takeaways
- INTC NVDA Intel (NASDAQ: INTC) has been on an astounding run on the stock market over the past year.
- However, they have slipped by more than 16% since then.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
INTC NVDA Intel (NASDAQ: INTC) has been on an astounding run on the stock market over the past year. Shares of the semiconductor giant have gained a whopping 427% during this period, but recent stock price action suggests that investors may be having second thoughts about its prospects.
Shares of Intel reached a 52-week high on May 11. However, they have slipped by more than 16% since then. Concerns regarding Intel s expensive valuation, the potential entry of Nvidia into its turf, and the recent dip in semiconductor stocks have weighed on its stock price.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »