Intel Downgraded by Wells Fargo on Lower Demand

Wells Fargo & Co. (NYSE: WFC) lowered its rating of Intel (NASDAQ: INTC) shares to market perform from outperform on Friday. The firm said that Intel is facing weakening demand in 2019 and rising competition against Advanced Micro Devices (NASDAQ: AMD), according to CNBC. Intel shares edged lower by 1.7% on Friday morning. “Weak semi demand data points thus far in 2019, coupled with an expectation of cautious outlooks into [the second....

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Tags : Wells Fargo & Co., Intel, Advanced Micro Devices, semiconductors, global economic slowdowns,

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Intel Downgraded by Wells Fargo on Lower Demand

Published On 08 Apr 2019 01:56 PM

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