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Tuesday, September 17, 2024

Intel faces ‘uphill battle’ as its stock hovers near record lows: Goldman Sachs analyst

Intel faces ‘uphill battle’ as its stock hovers near record lows: Goldman Sachs analyst

The road ahead for struggling Intel (INTC) is uncertain at best as its stock hovers near record lows.

Intel faces an “uphill battle” to turn itself around and compete with the likes of Nvidia (NVDA), AMD (AMD), and Taiwan Semiconductor (TSM), Goldman Sachs analyst Toshiya Hari told Yahoo Finance at the Goldman Sachs Communacopia & Technology Conference on Monday.

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