Intel's Stock Plunges Amid Concerns About Chipmaker's Outlook, Tough Competition

Goldman Sachs. "Intel Corp. (INTC) Maintain Sell as AI prioritization continues to weigh on traditional server demand; 1Q24 EPS Review." Bank of America. "Intel Higher costs, lower growth, tough competition, lower est, PO to $40." Key Takeaways - Intel shares plunged as much as 13% Friday morning, a day after the company's weak guidance for the current quarter overshadowed its first-quarter earnings beat. - Goldman Sachs analysts cut their price target for Intel stock by $5 a share to $34 …