Analysts reset Intel stock forecasts after CEO exits
This is what could happen next to Intel shares.
It became a sign of the times.
On Nov. 1 S&P Global said that AI-chip heavyweight Nvidia (NVDA) would replace Intel (INTC) within the Dow Jones Industrial Average "to be sure a more representative exposure to the semiconductors sector."
Related: Can Intel be rescued? Analysts review embattled tech stock earlier than earnings
Which is sort of a comedown for the corporate, which had been a member of the Dow 30 for 25 years and had once billed itself as "the Sponsors of The following day."
Intel became founded in 1968 by semiconductor pioneers Robert Noyce and Gordon Moore, who is credited with the observation in most cases also is termed Moore’s law. That benchmark says the choice of transistors in an integrated circuit doubles about every two years.
Intel created the world's first commercial microprocessor chip — the Intel 4004 — in 1971, and the corporate became a prime factor within the upward push of Silicon Valley as a high-tech center.
Alternatively the corporate faced increased competition and made a series of missteps, which including passing on the chance to develop the chip for Apple’s (AAPL) iPhone, paving the style for rivals like Qualcomm (QCOM) to dominate the mobile market.
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