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Barclays Downgrades Intel Shares

Category: General News
Posted: 08:51AM

Intel has hit some hard times recently, as it has been running into supply challenges and AMD's Zen-based CPUs have proven to be very competitive. Now Barclays has downgraded its shares to underweight from equal weight, which indicates it believes next year's earnings will be disappointing. The Barclays analyst feels that Intel is stuck in a no-win scenario currently, as it either needs to cut its prices to be competitive or lose market share to AMD.

Source: CNBC

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