Written by 10:04 pm Finance

Chinese Chip Wars Tank Intel Stock


In the ongoing Chip War with China, the latest move by China has targeted Intel, AMD, and Microsoft, causing a decline in their stock prices. This follows China’s decision to remove Intel and AMD chips from government servers and PCs.

Just weeks ago, Intel faced scrutiny from the Biden Administration regarding the sale of chips to Huawei. Despite recent positive developments, the ongoing Chip War with China is overshadowing Intel’s progress.

In the short term, Intel is facing technical challenges as its stock enters a bear market trend. A test of the 200-day moving average may result in further decline, potentially offering a buying opportunity at lower prices.

From a long-term perspective, Intel’s fundamental turnaround presents an opportunity for investors. Despite recent setbacks, the company’s efforts to position itself as a leader in the chip industry remain promising.

Author Chris Johnson suggests a dollar-cost averaging strategy to take advantage of lower prices for Intel shares, ultimately benefiting from the company’s potential long-term growth.

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