๐ INTEL DROPS 8% AFTER MASS SELL-OFF IN TECH AND CONCERNS ABOUT AI SPENDING! ๐ปโ ๏ธ
๐ป Punishment for the Semiconductor Sector
Intel closed with a sharp decline of nearly 8%, dragged down by a mass sell-off in the technology sector that also affected AMD and Alphabet.
The pullback happened despite the fact that Intel had rebounded more than 10% on Thursday in after-hours trading after releasing its results.
๐ฌ Jim Cramerโs Analysis
Jim Cramer (CNBC) said investors are showing resilience in the face of excessive spending on Artificial Intelligence, demanding clear returns on investment instead of mere expenditures.
Cramer noted that Apple is having its best month in three years thanks to not spending hundreds of billions on AI, while Nvidia remains solid.
๐๏ธ Decisive Week
Wall Streetโs focus is now on this weekโs earnings reports from Amazon, Meta, Microsoft, and Apple.
#Intel #Semiconductors #JimCramer #BigTech #BinanceSquare
$INTCB
$BTC
$BNB
๐ป Punishment for the Semiconductor Sector
Intel closed with a sharp decline of nearly 8%, dragged down by a mass sell-off in the technology sector that also affected AMD and Alphabet.
The pullback happened despite the fact that Intel had rebounded more than 10% on Thursday in after-hours trading after releasing its results.
๐ฌ Jim Cramerโs Analysis
Jim Cramer (CNBC) said investors are showing resilience in the face of excessive spending on Artificial Intelligence, demanding clear returns on investment instead of mere expenditures.
Cramer noted that Apple is having its best month in three years thanks to not spending hundreds of billions on AI, while Nvidia remains solid.
๐๏ธ Decisive Week
Wall Streetโs focus is now on this weekโs earnings reports from Amazon, Meta, Microsoft, and Apple.
#Intel #Semiconductors #JimCramer #BigTech #BinanceSquare
$INTCB
$BTC
$BNB