TECH - What Happened With Intel Stock Today? | Benzinga
Intel Corp (NASDAQ:INTC) shares closed slightly higher Wednesday amid a tumultuous trading day for the semiconductor sector.
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Semiconductor stocks moved lower Wednesday as investors digested a report about the expansion of export restrictions and ASML Holding NV‘s (NASDAQ:ASML) earnings release and forward guidance.
ASML shares fell more than 12% on the session after the company reported second-quarter numbers that were lower than the same period in the previous year and guided quarterly gross margin in the range of 50% to 51% versus expectations of 51.1%.
Investors also mulled a Bloomberg report that the Biden administration is considering imposing the most severe trade restrictions on China if companies continue giving the country access to advanced semiconductor technology.
Additionally, former President Donald Trump said Taiwan should pay ...