Why Intel Stock Is Crashing Today

Shares of Intel (NASDAQ: INTC) are tumbling on Thursday. The chipmaker's stock lost 10.8% as of 1:40 p.m. ET despite a brief bump earlier on positive news. The decline comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) saw deep red.A potentially transformative deal with TSMC was overshadowed by China's retaliation to Trump's tariffs.Intel and Taiwan Semiconductor Manufacturing (TSMC) -- the world's premier chip manufacturer -- have reportedly reached a tentative agreement that could revitalize Intel's struggling foundry business. Under the deal, TSMC would take a 20% stake in a new organization that would operate Intel's semiconductor manufacturing facilities, with Intel and other U.S. semiconductor firms controlling the remainder.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool