Intel shares declined after the release of the quarterly report. But not everything is so bad!

05 August 2022 331
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Intel's quarterly report of July 28 disappointed investors and interrupted the upward correction of the stock price, again reducing it to the level of September 2017.

But yesterday there were reports that the company is close to concluding a deal with Italy for an initial amount of $ 5 billion to build an advanced semiconductor packaging and assembly plant in the country.

Whether this news will help the company, we will see soon. If successful, the shares may rise to 37.75, otherwise - a decline to 34.5 and 33.5.

This content is for informational purposes only and is not intended to be investing advice.

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