tech
Why Intel stock fell today
Intel stock fell 8.1% on Oct. 22 due to rising oil prices and concerns over AI infrastructure spending.
Intel shares dropped 8.1% on Thursday, Oct. 22, amid rising oil prices and AI spending worries. Brent crude exceeded $112 a barrel after Saudi Arabia attacks, while the Nasdaq Composite and S&P 500 fell 2.6% and 1.2%. Meta Platforms reported negative free cash flow for the first time since 2012 and approved a non-voting stock class to raise capital without diluting CEO Mark Zuckerberg's control.
Latest updates
Why Intel stock fell today
Intel fell with chip stocks as expensive as oil, and Meta's cash burn raised fresh questions about how the AI build-out will be funded. Key Points Oil above $112 a barrel is adding to concerns about inflation and borrowing costs. Meta reported negative free cash flow and plans to keep spending aggressively on AI infrastructure. Intel needs that spending to translate into sustained demand for its chips. Motley Fool Issues Rare "Total Conviction" Buy Alert › Intel (NASDAQ:INTC) stock fell 8.1% on Thursday, Oct. 22, as rising oil prices and concerns about AI spending drag on chip stocks. Brent crude topped $112 a barrel following attacks in Saudi Arabia. The S&P 500 and the Nasdaq Composite dropped 1.2% and 2.6%, respectively. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Expensive oil complicates the outlook for chips The renewed threat to Middle East energy supplies is once again weighing on the AI trade, fueling concerns that inflation and borrowing costs will remain higher for longer. While U.S. Treasury yields actually fell Thursday (largely due to the political unrest in Europe), they are well above where they were before the war began. The problem for.