Intel (NASDAQ: INTC) stock was off to a rough start this morning, falling 5% in response to a downgrade from Northland Capital before recovering a bit in the afternoon. As of 12:30 p.m. EDT, shares are still off by 4%.Echoing comments from other analysts and even from Intel itself, Northland Capital predicted that Intel stock -- which has performed pretty well this year, up 26% since 2018 began -- will suffer from a lack of "catalysts" post-Q2.As the analyst explained in its "underperform" rating, Intel has relied heavily on sales to server farms to power its revenue growth of late, but Intel's advantage in chip quality "is diminished if not evaporated," and there's a real risk that rival AMD will begin taking market share from the chip giant in the second half of this year, putting the brakes on Intel's growth rate.Continue reading
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newsfeedback@fool.com (Rich Smith), The Motley Fool
Mon, 06/18/2018 - 9:56am
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