Company Of The Day: Intel
What?
The release of Intel’s (NASDAQ:INTC) new Arc graphics card range, which is seen as a competitor to Nvidia and AMD is likely to be delayed to around August 2022, instead of debuting in the early summer, per a report from Germany’s Igorslab. This would mark the second delay for the cards, which were initially expected last year.
Why?
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- What Lies Ahead For Intel Stock?
The delays are apparently related to driver software issues.
So What?
Graphics cards are a lucrative business and the delayed availability could hurt Intel in the near term. Intel stock was down about 3% on Monday, tracking the broader sell-off in tech stocks.
See Our Complete Analysis For Intel
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[1] Month-to-date and year-to-date as of 5/10/2022
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